📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Rajesh invests a certain amount at an annual simple

    interest rate of 8% for 3 years. The total amount he receives after this period is then reinvested at an annual simple interest rate of 12% for the next 2 years. Determine the ratio of the initial investment to the final amount obtained at the end of the entire period.
    A 5:14 Correct Answer Incorrect Answer
    B 4:15 Correct Answer Incorrect Answer
    C 25:31 Correct Answer Incorrect Answer
    D 35:17 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ;

    Let P = 100

    Interest from first = 3 × 8% × 100 = 24

    Amount = 124

    Interest from second = 2 × 12% × 124 = 29.76

    24 : 29.76 = 25 : 31

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question