Multiple Choice Questions on The ratio of the amount for two years under CI annually and for one year under SI is 6 5 When the r........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The ratio of the amount for two years under CI annually and for one year under SI is 6 5 When the r...........

Quantitative Aptitude ( CCS) Compound Interest
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    The ratio of the amount for two years under CI annually and for one year under SI is 6:5. When the rate of interest is same, then the value of rate of interest is

    12.5%

    Incorrect Answer

    18%

    Incorrect Answer

    20%

    Correct Answer

    16.66%

    Incorrect Answer
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    Explanation:

    Let Principal = P, Rate = R% per annum
    P(1+R /100)2  /P(1+R×1/100) = 6/5

    (1+R/100) = 6/5

    R /100 = 1/5

    R=20
    Rate of interest = 20%

    Hence, option 3 is the correct answer.

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