A person deposited Rs. 400 for 2 years, Rs. 550 for 4 years and Rs. 1200 for 6 years. He received the total simple interest of Rs. 1020. The rate of interest per annum is - Study24x7
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3608 followers study24x7 22 Jan 2021 12:55 PM study24x7 study24x7

A person deposited Rs. 400 for 2 years, Rs. 550 for 4 years and Rs. 1200 for 6 years. He received the total simple interest of Rs. 1020. The rate of interest per annum is

A

10%

B

5%

C

15%

D

20%

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