Multiple Choice Questions on A sum of money amount to Rs 900 in 3 yrs and Rs 1080 in 4yrs at CI What is the rate of CI pa ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

A sum of money amount to Rs 900 in 3 yrs and Rs 1080 in 4yrs at CI What is the rate of CI pa ........

Quantitative Aptitude ( CCS) Compound Interest
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    A sum of money amount to Rs.900 in 3 yrs and Rs.1080 in 4yrs at CI. What is the rate of CI pa ?

    10%

    Incorrect Answer

    15%

    Incorrect Answer

    20%

    Correct Answer

    18%

    Incorrect Answer
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    Explanation:

    (1080-900/900)*100
    180*100/900 = 20%

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