If the simple interest on Rs. 1,200 for 4 years and at the same rate of interest simple interest on Rs. 1,600 for 3 years together fetched Rs. 480, then what is the rate of interest per annum?

If the simple interest on Rs. 1,200 for 4 years and at the same rate o

1.	If the simple interest on Rs. 1,200 for 4 years and at the same rate of interest simple interest on Rs. 1,600 for 3 years together fetched Rs. 480, then what is the rate of interest per annum?
A.	6.25 percent
B.	5 percent
C.	5.5 percent
D.	6 percent
Answer» C. 5.5 percent

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If the simple interest on Rs. 1,200 for 4 years and at the same rate of interest simple interest on Rs. 1,600 for 3 years together fetched Rs. 480, then what is the rate of interest per annum?

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