Raju lent 400 to Ajay for 2 yr and 100 to Manoj for 4 yr and received from both 60 as collective interest, Find the rate of interest, simple interest being calculated.

Raju lent 400 to Ajay for 2 yr and 100 to Manoj for 4 yr and recei

1.	Raju lent 400 to Ajay for 2 yr and 100 to Manoj for 4 yr and received from both 60 as collective interest, Find the rate of interest, simple interest being calculated.
A.	5%
B.	6%
C.	8%
D.	9%
Answer» B. 6%

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Raju lent 400 to Ajay for 2 yr and 100 to Manoj for 4 yr and received from both 60 as collective interest, Find the rate of interest, simple interest being calculated.

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