insurence exam AIC MT (Generalist & IT) Mock Test Series 2025 Quantitative Aptitude Interest Simple Interest
A lent out some money at a 20% rate of simple interest per annum for 4 years. The amount he got after 4 years he lent out on simple interest at a certain rate of interest for 2 years. The difference between the interests he earned in both cases is Rs. 800. Find the difference between the rates of interests if the average of the amount he invested both times is Rs. 11200.
1
5%
2
10%
3
8%
4
4%
5
11%