state gov DSSSB Junior Assistant, Steno and LDC Mock Test 2023 - 24 Quantitative Aptitude Interest Simple Interest
Arun lent Rs. 4000 in two parts. He lent each part for a year. He lent Rs. 2500 at 12 percent p.a. and the remaining at 10 percent p.a. simple interest. Find the effective rate of simple interest at which he lent the entire sum.
1
\(10\frac{1}{4}\) percent
2
\(11\frac{1}{4}\) percent
3
\(12\frac{1}{4}\) percent
4
11 percent