search
Q: A person invested one-fourth of the sum of `25,000 at a certain rate of simple interest and the rest at 4% p.a. higher rate. If the total interest received for 2 years is `4,125, what is the rate at which the second sum was invested?
  • A. 9.25%
  • B. 9.5%
  • C. 7.5%
  • D. 5.25%
Correct Answer: Option A -
answer image

Explanations:

explanation image