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A lent Rs. 6000 to B for 3 years and Rs. 7000 to C for 4 years on simple interest at the same rate of interest and received Rs. 4600 in all from both of them as interest. The rate of interest per annum is:
5%
8%
10%
12%
Let the rate of interest be r. (6000*r*3)/100 +(7000*r*4)/100=4600 180r+280r=4600 460r=4600=>r=10%.
Hence, opiton 3 is the correct answer.
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