A man invested Rs. 5000 at some rate of simple interest and Rs. 4000 at 1 percent higher rate of interest. If the interest in both the cases after 4 years is same, the rate of interest in the former case is

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Q. A man invested Rs. 5000 at some rate of simple interest and Rs. 4000 at 1 percent higher rate of interest. If the interest in both the cases after 4 years is same, the rate of interest in the former case is

(A) 4% p.a.
(B) 5% p.a.
(C) 6.25% p.a.
(D) 25/3% p.a.

Correct Answer - Option(A)

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