Multiple Choice Questions on Amit borrowed a sum of Rs25 000 on simple interest Bhola borrowed the same amount on compound intere........... for SSC CGL Exam Preparation

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Multiple Choice Questions

Amit borrowed a sum of Rs25 000 on simple interest Bhola borrowed the same amount on compound intere...........

Quantitative Aptitude (CGL) Simple Interest
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    Amit borrowed a sum of Rs25,000 on simple interest. Bhola borrowed the same amount on compound interest(interest

    compounded yearly). At the end of 2 years, Bhola had to pay Rs160 more interest than Amit. The rate of interest charged per

    annum is:

    This questions was previously asked in
    SSC CGL 6th March 2020 Shift-2
    View All ssc Previous Year Papers

    _{25}^{16}%    

    Correct Answer

    _{25}^{8}%

    Incorrect Answer

    8%

    Incorrect Answer

    3_{8}^{1}%

    Incorrect Answer
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    Explanation:

    8%

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