A person deposited 500 for 4 years and 600 for 3 years at the same – McqOptions

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1.	A person deposited 500 for 4 years and 600 for 3 years at the same rate of simple interest in a bank. Altogether he received 190 as interest. The rate of simple interest per annum was
A.	4 %
B.	5 %
C.	2 %
D.	3 %
Answer» C. 2 %

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