Teaching SUPER TET - UP Assistant Teacher Mock Test Series Quantitative Aptitude Interest Simple Interest
John invested Rs. 40,000 with SBI for 2 years and Rs. 10,000 with PNB for 4 years at simple interest and earned Rs. 6,000 as interest. Find the interest rate p.a. if both the banks lend money at the same rate of interest.
1
4%
2
4.5%
3
5%
4
5.5%