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Q. A person deposits Rs. 500 in 4 years and Rs. 600 for 3 years at the same rate of simple interest in a bank. Altogether he received Rs. 190 as interest. The rate of simple interest per annum was = ?

  • (A) 4%
  • (B) 5%
  • (C) 2%
  • (D) 3%
  • Correct Answer - Option(B)
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