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What was the interest rate that Bank A offered to Ranjan?

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Ranjan invested certain amount for 4 years in Bank A and received the simple interest Rs. 2800.
After that he takes all his amount and invest in Bank B for 5 years which offers interest rate double than the Bank A.
At the end of 5 years, from Bank B he receives Rs. 9450 as a simple interest.
What was the interest rate that Bank A offered to Ranjan?

posted Apr 25, 2022 by Ujjwal Mehra

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