Raju lent Rs. 400 to Ajay for 2 years and Rs. 100 to Manoj for 4 years and received together from both Rs. 60 as interest. Find the rate of interest, simple interest being calculated.
A.0.05
B.0.06
C.0.08
D.0.09
Answers
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the answer is 0.05% = 5%
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Option D 0.09 is correct answer !
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