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21 Jul 2019, 03:18
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67% (00:37) correct
33%
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A cooperative bank lent Rs.4000 to Anand at a certain rate of simple interest and Rs.5000 to Milind at ½% more than that of Anand. After 2 years the bank received Rs. 860 as total interest from Anand and Milind. Find the rate of interest per annum at which the amount was lent to Milind.
1. 5%
2. 4.5%
3. 5.5%
4. 4%
5. None of these
1. 5%
2. 4.5%
3. 5.5%
4. 4%
5. None of these
