Multiple Choice Questions on The ratio of the amount for 2 years under compound interest annually and for 1 year under simple int........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The ratio of the amount for 2 years under compound interest annually and for 1 year under simple int...........

Quantitative Aptitude ( CCS) Compound Interest
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    The ratio of the amount for 2 years under compound interest annually and for 1 year under simple interest is 5:4 when the rate of interest is same then find  the rate of interest?

    20%

    Incorrect Answer

    25%

    Correct Answer

    60%

    Incorrect Answer

    30%

    Incorrect Answer
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    Explanation:

    rate /100 = 5/4 -1
    rate = 25%

    Hence, option 2 is the correct answer.

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