A man deposited Rs. 3,000 in a Bank and Rs. 2,500 in a Post Office. The rate of interest of the Bank is 1/2\\% more than that of the Post Office. If he gets Rs. 235 as total interest at the end of the year, the rate of interest of the Post Office is:

A man deposited Rs. 3,000 in a Bank and Rs. 2,500 in a Post Office. The rate of interest of the Bank is 1/2\\% more than that of the Post Office. If h - Quantitative Aptitude MCQ Competitive Exam 2026 | ExamTest.live

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A man deposited Rs. 3, 000 in a Bank and Rs. 2, 500 in a Post Office. The rate of interest of the Bank is \frac{1}{2} more than that of the Post Office. If he gets Rs. 235 as total interest at the end of the year, the rate of interest of the Post Office is:

Let the annual rate of interest of the Post Office be R % . Then, the rate of interest of the Bank is (R + \frac{1}{2}) % = (R + 0.5) % . The time frame for both investments is 1 year . Write down the total interest formula: Interest from Bank + Interest from Post Office = 235 (\frac{3 , 000 \times ( R + 0.5 ) \times 1}{100}) + (\frac{2 , 500 \times R \times 1}{100}) = 235 30 (R + 0.5) + 25 R = 235 30 R + 15 + 25 R = 235 55 R + 15 = 235 55 R = 220 ⟹ R = \frac{220}{55} = 4%

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A man deposited Rs. 3, 000 in a Bank and Rs. 2, 500 in a Post Office. The rate of interest of the Bank is \frac{1}{2} more than that of the Post Office. If he gets Rs. 235 as total interest at the end of the year, the rate of interest of the Post Office is:

2%

2 \frac{1}{2}

4%

4.5%

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