A person invested one-fourth of the sum of Rs. 25000 at a certain rate of simple interest and the rest at 4% p.a higher rate. If total interest received for 2 years is Rs. 4125, What is the rate at which the second sum was invested?
Show answer & explanation
Correct answer: A
Explanation
Thje correct option is 1 i.e. 9.25%.
1 : 3
(x%) ( x+4)%
for 2 yrs
for 1 yr = 8.25%
x = 5.25
x + 4 = 9.25