A sum lent out at simple interest amounts to Rs. 6,076 in 1 year and Rs. 7,504 i

MCQ Practice

A sum lent out at simple interest amounts to Rs. 6,076 in 1 year and Rs. 7,504 in 4 years. The sum and the rate of interest p.a. are respectively:

Subject: MathematicsTopic: Interest

Rs. 5,600 and 9%

Rs. 5,600 and 8.5%

Rs. 5,400 and 9%

Rs. 5,400 and 10%

Correct Answer: B