insurence exam NIACL Assistant (Pre + Mains) Mock Test 2024 (New) Quantitative Aptitude Interest Simple and Compound Both
Mithun deposited Rs. 5000 for 4 years at simple interest, and Rs. 6000 for 1 year at compound interest, at the same interest rate. Altogether he received Rs. 2600 as interest. What is the rate?
1
4%
2
8%
3
10%
4
5%
5
12%