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 5 years, Sachin gets ₹960 more interest than Mukund, then find the rate of interest per annum (in percentage).

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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 5 years, Sachin gets ₹960 more interest than Mukund, then find the rate of interest per annum (in percentage).

A3.8

B6.8

C2.8

D4.8

Answer:

D. 4.8

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