Mr. A and Mr. B borrowed Rs. 3,000 and Rs. 4,000 respectively from a money lender on the same day at the same rate of simple interest. Mr. A repaid the loan after 2 years and Mr. B after 4 years. Mr. B paid Rs. 1,500 as more interest than Mr. A. Then the rate of interest is (in percentage)
1
15%
2
12.5%
3
10.5%
4
None of these