Two persons P and Q borrowed Rs 40 000 and Rs 60 000 respectively from R at different rates of simpl...........

Quantitative Aptitude ( CCS) Simple Interest

Two persons P and Q borrowed Rs.40,000/- and Rs.60,000/- respectively from R at different rates of simple interest. The interest payable by P at the end of the first four years and that payable by Q at the end of the first three years is the same. If the total interest payable by P and Q for one year is Rs.8,400/- then at what rate did Q borrow the money from R?

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