Question

Mukund invests a sum of ₹5400 and Sachin invests a sum of ₹9400 at the same rate of simple interest per annum. If, at the end of 4 years, Sachin gets ₹960 more interest than Mukund, then find the rate of interest per annum (in percentage).

• A. 5
• B. 4
• C. 6
• D. 8

Answer 1

Answer:

C. 6

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