alleryStart learning →General loans: Rs 20 lakh at 6%, Rs 30 lakh at 8%. Weighted rate?
A7.0%
B7.5%
C6.8%
D7.2%
Answer & Solution
Correct answer: D. 7.2%
Interest is 1,20,000 + 2,40,000 = 3,60,000 on total loans of 50,00,000, which gives 7.2%.
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