A sum of money invested at CI to Rs 800 in 3 years and to Rs 840 in 4 years Find rate of i...........

Quantitative Aptitude ( CCS) Compound Interest

A sum of money invested at CI to Rs.800 in 3 years and to Rs.840 in 4 years.Find rate of interest PA ?

CI for 3 yr = 800
CI for 4 yr = 840
CI for 1 yr = 40
R = (100 × 40)/(800×1) = 10/2 = 5%

Submit Error