Question

At what rate percent per annum will Rs. 75,000 yields a compound interest of Rs. 6,120 in 6 months if the interest is being compounded quarterly? Calculate the simple interest at the same rate of interest for 18 months.

A 20%, Rs.18,000
B 16%, Rs.18,000
C 25%, Rs.20,000
D 18%, Rs.20,000
E None of these
Practice Next

Hey! Ask a query