Question

Naina lent Rs. 9,800 to Mohini for 4 years and Rs. 8,800 to Mitali for 6 years on simple interest at the same rate of interest and received Rs. 11,040 in all from both as interest. The rate of interest per annum is.

A 12%
B 8%
C 4%
D 10%
E None of these
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