S I on a sum for 3yrs at any rate of interest is 450 while C I on the same sum at the same rate for ...........

Quantitative Aptitude ( CCS) Compound Interest

S.I on a sum for 3yrs at any rate of interest is 450 while C.I on the same sum at the same rate for 2yrs is 315. Find the sum and rate percent?

5% , 1500

10%, 1500

5%,2000

10%,2000

P
1st yr150…………….. 2nd yr150
……………………………………………….15
15 = 10% of 150
So R = 10%
P = 1500

Hence, option 2 is the correct answer.

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