Multiple Choice Questions on A sum is being lent at 15 per annum compound interest what is the ratio of increase in amount of 4th........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A sum is being lent at 15 per annum compound interest what is the ratio of increase in amount of 4th...........

Quantitative Aptitude ( CCS) Compound Interest
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    A sum is being lent at 15 % per annum compound interest what is the ratio of increase in amount of 4th year to 5th year?

    12:17

    Incorrect Answer

    20:23

    Correct Answer

    13:19

    Incorrect Answer

    23:19

    Incorrect Answer
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    Explanation:

    P(1+15/100)4/ P(1+15/100)5
    =1/ (1+15/100)=1/(115/100)=100/115
    20:23.

    Hence, option 2 is the correct answer.

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