engineering recuitment PGCIL Diploma Trainee Mock Test 2024 Quantitative Aptitude Interest Simple Interest
Sumit lent Rs. 5000 to Ram for 2 years and Rs. 8000 to Mayur for 3 years on simple interest at the same rate of interest and received Rs. 1700 in total from both of them as interest. What is the rate of interest per annum?
1
8% per annum
2
10% per annum
3
5% per annum
4
4% per annum