A man invested rs 1000 on a simple interest at a certain rate and rs 1 – McqOptions

MCQOPTIONS

1.	A man invested rs 1000 on a simple interest at a certain rate and rs 1500 at 2% higher rate. The total interest in three years is rs 390. What is the rate of interest fort 1000?
A.	4%
B.	8%
C.	5%
D.	6%
Answer» B. 8%

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