Multiple Choice
Suresh for 2 years invested Rs. 500 in SBI. He also invested Rs. 300 in ICICI for 4 years. At the end he received Rs. 220 from both banks as simple interest. What must have been rate of interest?
A) 10%
B) 12%
C) 11%
D) 5.5%
Correct Answer:
Verified
Correct Answer:
Verified
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