Quantitative Aptitude Interest Simple Interest

Vimal lent a loan of Rs. 5000 to Kamal for 2 years and Rs. 3,000 to Sumal for 4 years at simple interest at the same rate of interest and received Rs. 2,200 as interest from both. Calculate the interest rate per annum.

1

13%

2

15%

3

23%

4

10%

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