A person invested one-fourth of the sum of Rs.25,000 at a certain rate of simple interest and the rest at 4% p.a higher rate. If the total interest received for 2 years is Rs. 4,125. What is the rate at which the second sum was invested ?

A) 9.5% B) 9.25% C) 5.25% D) 7.5%

Admin Asked question 2019-12-12