Quantitative Aptitude Interest Simple Interest

If the sum of the simple interest on Rs. 16,400 for 3 years at the rate of interest R and that on Rs. 18,000 for 4 years at the same rate R is Rs. 10,302, then the value of R will be:

1
8%
2
9%
3
10.5%
4
8.5%
5
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