Question

Two persons P and Q borrowed Rs.40,000/- and Rs.60,000/- respectively from R at different rates of simple interest. The interest payable by P at the end of the first four years and that payable by Q at the end of the first three years is the same. If the total interest payable by P and Q for one year is Rs.8,400/- then at what rate did Q borrow the money from R?
A) 8
B) 10
C) 12
D) 9
E) None

Answer 1

Answer:

(c)12

Step-by-step explanation:

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