defence exam Indian Coast Guard Assistant Commandant (GD/CPL) 2025 Test Series Quantitative Aptitude Interest Simple Interest
Ramesh has ₹18,000. He deposited ₹7,000 in a bank at the rate of 5% per annum and ₹6,000 in other bank at the rate of 6% per annum simple interest. If he received ₹1,160 as simple interest at the end of one year, then the rate of interest per annum on rest of the capital is equal to:
1
10%
2
11%
3
9%
4
8%