Ramesh has ₹18,000. He deposited ₹7,000 in a bank at the rate of 5% per annum and ₹6,000 in another bank at the rate of 6% per annum simple interest. ...
Question
Ramesh has ₹18,000. He deposited ₹7,000 in a bank at the rate of 5% per annum and ₹6,000 in another bank at the rate of 6% per annum simple interest. If he received ₹1,160 as simple interest at the end of one year, then what is the rate of interest per annum on the rest of the capital?