A bank gives out Rs 6000 to Customer A for 2 years and Rs 1500 to customer B for 4 years. It receives interest of Rs 900 from them put together. Find the rate of interest (SI)?

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10%

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7.5%

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12.5%

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Solution

The correct option is A 5%
Rs 6000 for 2 years Rs 12000 for 1 year and Rs 1500 for 4 years Rs 6000 for 1 year
Total Principal = Rs 18000 for 1 year
= 5%

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A bank gives out Rs 6000 to Customer A for 2 years and Rs 1500 to customer B for 4 years. It receives interest of Rs 900 from them put together. Find the rate of interest (SI)?

The correct option is A 5%Rs 6000 for 2 years Rs 12000 for 1 year and Rs 1500 for 4 years Rs 6000 for 1 yearTotal Principal = Rs 18000 for 1 year = 5%

The correct option is A 5%
Rs 6000 for 2 years Rs 12000 for 1 year and Rs 1500 for 4 years Rs 6000 for 1 year
Total Principal = Rs 18000 for 1 year
= 5%