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What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9 years and the rate of interest for the last 5 years is 6%?
4%
5%
3%
6%
5%
Practice and solve "What is the rate of simple interest for the first 4 years if the sum of Rs. 360 becomes Rs. 540 in 9..." for Electrical - Economics for Engineers. The correct answer is Option B: 5%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Option **(b) **