A person lent Rs. 12,000 to B for 3 years and Rs. 10,000 to

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A person lent Rs. 12,000 to B for 3 years and Rs. 10,000 to C for 4 years on simple interest at the same rate of interest and received Rs.6.080 in all from both of them as interest. What is the annual rate of interest?

[SSC CHSL 14th March 2023 Shift-1 With Answers]

A

15 percent

B

8 percent.

C

11 percent

D

5 percent

EXPLANATION

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