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The total amount of interest received on two deposits of Rs. 5,000 for 4 years and Rs 4,000 for 5 years, made at the same simple rate of interest per amount was Rs. 2,400. Find the rate of interest per year.a)4%b)7%c)6%d)8%Correct answer is option 'C'. Can you explain this answer? for Defence 2024 is part of Defence preparation. The Question and answers have been prepared according to the Defence exam syllabus. Information about The total amount of interest received on two deposits of Rs. 5,000 for 4 years and Rs 4,000 for 5 years, made at the same simple rate of interest per amount was Rs. 2,400. Find the rate of interest per year.a)4%b)7%c)6%d)8%Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Defence 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The total amount of interest received on two deposits of Rs. 5,000 for 4 years and Rs 4,000 for 5 years, made at the same simple rate of interest per amount was Rs. 2,400. Find the rate of interest per year.a)4%b)7%c)6%d)8%Correct answer is option 'C'. Can you explain this answer?.

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