PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2018

Practice Mode:
62.

Raju lent Rs. 400 to Ajay for 2 years, and Rs. 100 to Manoj for 4 years and received together from both Rs. 60 as interest. Find the rate of interest simple interest being calculated:

A: 5%
B: 6%
C: 8%
D: 9%

The answer is: A