Amit borrowed Rs. 6000 at rate of 4% and Rs. 4000 at rate of 6%. If the interest rates are simple interest rates, find the average rate Amit has to pay on the entire borrowed amount.
A. 4.4%
B. 4.6%
C. 4.8%
D. 5%
E. 5.8%![]()
A. 4.4%
B. 4.6%
C. 4.8%
D. 5%
E. 5.8%