1.

A man deposits Rs 1000 in one bank at 8% pa and Rs 3000 in another bank at rate 4% pa. Find the rate of interest for the whole sum.

Answer»

5 %



R = (1000x8) + (3000x4)/1000+3000
= 8000+12000/4000 = 20000/4000 = 5%



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