railway RPF Constable Mock Test Series 2024 Quantitative Aptitude Interest Simple Interest

A man borrowed Rs. 29,000 for 3 years and Rs. 45,000 for 5 years at the same rate of simple interest. If he paid a total interest of Rs. 62,400, then what was the rate of interest?

1

18%

2

20%

3

27%

4

25%

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