APPSC Group-I Preliminary Exam 2019 Solved Paper 2

Question : 60 of 120

Marks: +1, -0

Suresh invested ₹ 500 in SBI for 2 years. He also invested ₹ 300 in ICICI for 4 years. At the end he received ₹ 220 from both banks as simple inter: est. What must have been the rate of interest?