Ram borrowed a sum of ₹9000 from bank at simple interest after 3 years he paid ₹4000 to the bank and at the end of 5 years he paid ₹6850 and clear all his dues. Find the rate percent ?

5%

Borrow amount = Rs.9000/-

Total amount paid = 4000 + 6850 = Rs.10,850/-

Interest = 10,850 - 9000 = Rs.1850/-

Rate of interest = R

Now, ATQ

\(\frac{9000 × R × 3yr}{100}\) + \(\frac{5000 × R × 2yr}{100}\) ⇒ 1850

R= 5%