other govt exam India Post Postman & Mail Guard Mock Test 2020 Quantitative Aptitude Interest Simple Interest
Prashant invested Rs. 5000 in bank A for 2 years and Rs. 3000 in bank B for 4 years at simple interest at the same rate of interest. He received Rs. 2200, altogether from both banks as interest. Find the rate of interest per annum offered by the banks.
1
5%
2
7%
3
8%
4
10%