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Mr Naval lent Rs. 40,000 to Mr Ashok for 2 years and Rs. 20,000 to Mr Yatin for 4 years at the same rate of simple interest and received Rs. 22,000 in all from both of them as interest. The rate of interest charged by Mr Naval from them per annum is:

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Mr Naval lent Rs. 40,000 to Mr Ashok for 2 years and Rs. 20,000 to Mr Yatin for 4 years at the same rate of simple interest and received Rs. 22,000 in all from both of them as interest. The rate of interest charged by Mr Naval from them per annum is:






 
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