Quantitative Aptitude: Simple/Compound Interest Set 19
The difference between simple interest and compound interest on a sum of rs.4400 for 2years is rs.44. What is the rate of interest per annum? 10% 15% 12% 18% 20% Option A Solution: Let the rate of interest be r% per annum.ATQ, 4400×r^2/(100×100)=44 r= 10% If the sum of money gets tripled at a […]
Quantitative Aptitude: Simple/Compound Interest Set 19 Read More »