BANK EPFO SSA Mock Test 2023 Quantitative Aptitude Interest Simple Interest

'A' lent ₹5000 to 'B' for 2 years and ₹3000 to 'C' for 4 years on simple interest at the same rate of interest and received ₹2200 in all from both of them as interest. The rate of interest per annum is-

1
7%
2
\(7 \frac{1}{8} \%\)
3
10%
4
5%
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