Multiple Choice Questions on The difference between interest received by Vivek and Vimal is Rs 405 on Rs 4500 for 3 years What is........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The difference between interest received by Vivek and Vimal is Rs 405 on Rs 4500 for 3 years What is...........

Quantitative Aptitude ( CCS) Compound Interest
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    The difference between interest received by Vivek and Vimal is Rs.405 on Rs.4500 for 3 years. What is the difference in rate of interest ?

    1.5%

    Incorrect Answer

    2%

    Incorrect Answer

    3%

    Correct Answer

    2.7%

    Incorrect Answer
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    Explanation:

    4500*3/100(R1-R2) = 405
    R1-R2 = 405*100/13500 = 3%

    By: Pranav Gupta
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