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

Mayur and Vishal borrowed Rs. 2250 and Rs. 2500 respectively at the sa

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

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