A person lent Rs. 23000 to B for 3 years and Rs. 19000 to C

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A person lent Rs. 23000 to B for 3 years and Rs. 19000 to C for 4 years on simple interest at the same rate of interest and received Rs. 3625 in all from both of them as interest. What is the annual rate of interest?

[SSC CGL 6th Dec 2022 Shift-4 With Answers]

A

1.5 percent

B

3 percent

C

2.5 percent

D

4 percent

EXPLANATION

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