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 -
Explanations:
Download Our App
Download our app to know more Lorem ipsum dolor sit amet consectetur adipisicing elit.
Excepturi, esse.
YOU ARE NOT LOGIN
Unlocking possibilities: Login required for a world of personalized
experiences.