Guru and Chiru borrowed Rs.2250 and Rs.2500 respectively at the same rate of simple interest for 3 years. If the interest paid by Chiru is Rs.45 more than that paid by Guru, what is the rate of interest per annum?

Guru and Chiru borrowed Rs.2250 and Rs.2500 respectively at the same r

1.	Guru and Chiru borrowed Rs.2250 and Rs.2500 respectively at the same rate of simple interest for 3 years. If the interest paid by Chiru is Rs.45 more than that paid by Guru, what is the rate of interest per annum?
A.	3% p.a.
B.	4% p.a.
C.	5% p.a.
D.	6% p.a.
Answer» E.

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Guru and Chiru borrowed Rs.2250 and Rs.2500 respectively at the same rate of simple interest for 3 years. If the interest paid by Chiru is Rs.45 more than that paid by Guru, what is the rate of interest per annum?

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