If I invest Rs 3000 at a simple interest for 4 years, I earn a certain amount. However, if I invest Rs 3500 at the same rate, for the same duration, I would earn Rs 130/- more. Find the rate of interest.

If I invest Rs 3000 at a simple interest for 4 years, I earn a certain

1.	If I invest Rs 3000 at a simple interest for 4 years, I earn a certain amount. However, if I invest Rs 3500 at the same rate, for the same duration, I would earn Rs 130/- more. Find the rate of interest.
A.	6.5%
B.	10.50%
C.	12%
D.	13%
Answer» B. 10.50%

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If I invest Rs 3000 at a simple interest for 4 years, I earn a certain amount. However, if I invest Rs 3500 at the same rate, for the same duration, I would earn Rs 130/- more. Find the rate of interest.

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