Ramesh has ₹18,000. He deposited ₹7,000 in a bank at the rate of 5% per annum and ₹6,000 in other bank at the rate of 6%
per annum simple interest. If he received ₹1,160 as simple interest at the end of one year, then the rate of interest per annum
on rest of the capital is equal to:
A.
10%
B.
11%
C.
9%
D.
8%
Solution:
-