Question

Simple interest and compound interest (compounded

Q: Answer-Simple interest and compound interest (compounded annually) earned on a sum at the end of 2 years at...

Simple interest for 1 year 45002 Rs. 2250 Difference between compound Interest and Simple Interest for 2 years 5400 4500 Rs. 900 Desired rate 9002250 100 40

annually) earned on a sum at the end of 2 years at a certain rate of interest p.a. are Rs. 4500 and Rs. 5400 respectively. Find the rate of interest.

A 30%

B 25%

C 23%

D 40%

Practice Next

More Simple and compound interest Questions

Column (1)

In the following questions two columns are given containing three sentences/phrases each. In first column, sentences/phrases are A, B and C and in the ...

Match the part of the sentences from column 1 with column 2 and find which of the following pair of statements given in the options make contextually an...

Directions : You are required to match statements from columns 1 and 2 and find which of the following pairs of statements make sense meaningfully and g...

In each of the following questions, a sentence is given with three blanks. Each question is followed by a table which consists of three columns. You ar...

In each of the following questions, two columns are given containing three sentences/ phrases each. A sentence or phrase from the first column may or m...

In the following questions, a sentence is given with three blanks. A table is followed by the question with three columns. You are required to complete...

Relevant for Exams:

IB ACIO Executive

Simple interest and compound interest (compounded

Solution

Relevant for Exams: