A man deposits $1000 in a bank at 2% per annum and $ 1500 in UTI at 7% per annum. Find the rate of interest for the whole sum.  Choices:
A) 5%
B) 8%
C) 3%
D) 7%
E) 1%
Following the above formula,we have the rate of interest for the whole sum   =(1000*2)+(1500*7)/1000+1500=12500/2500= 
<gadget id="calculator">12500/2500</gadget>
<output>5</output>
5%.   5%nswer is 5%
<result>A</result>
A man deposits $1000 in a bank at 2% per annum and $ 1500 in UTI at 7% per annum. Find the rate of interest for the whole sum.