Simple Interest - Quantitative Aptitude (MCQ) questions for Q. 29487

Q.  Suresh for 2 years invested Rs. 500 in SBI. He also invested Rs. 300 in ICICI for 4 years. At the end he received Rs. 220 from both banks as simple interest. What must have been rate of interest?
- Published on 03 May 17

a. 10%
b. 12%
c. 11%
d. 5.5%

ANSWER: 10%
 
simple interest

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