A) \[6\frac{1}{4}%\]
B) 4%
C) 5%
D) 5.5%
Correct Answer: C
Solution :
Let Annual rate of interest = R%, then \[\frac{600\times R\times 4}{100}+\frac{600\times R\times 2}{100}=180\] \[\Rightarrow \] \[6R(4+2)=180\] \[\therefore \] \[R=\frac{180}{36}=5%\]You need to login to perform this action.
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