Multiple Choice Questions on A sum of money invested at compound interest amounts in 3 years to Rs 2400 and in 4 years to Rs 2520........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A sum of money invested at compound interest amounts in 3 years to Rs 2400 and in 4 years to Rs 2520...........

Quantitative Aptitude ( CCS) Compound Interest
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    A sum of money invested at compound interest amounts in 3 years to Rs. 2400 and in 4 years to Rs. 2520. The interest rate per annum is

    5%

    Correct Answer

    6%

    Incorrect Answer

    10%

    Incorrect Answer

    12%

    Incorrect Answer
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    Explanation:

    Required Rate % = 120/2400 x 100 = 5%

    Hence, option 1 is the correct answer.

    By: Amit Kumar
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