ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    тЪб Month End Offer - Flat 52% Off On All Courses! Enroll Now тЪб
    00:00:00 AM Left

    Question

    Sita invests a certain amount at an annual simple

    interest rate of 10% for 3 years. The total amount she receives after this period is then reinvested at an annual simple interest rate of 6% for the next 4 years. Determine the ratio of the initial investment to the final amount obtained at the end of the entire period.
    A 17:14 Correct Answer Incorrect Answer
    B 14:15 Correct Answer Incorrect Answer
    C 25:26 Correct Answer Incorrect Answer
    D 25:17 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ;Let P = 100 Interest from first = 3 ├Ч 10% ├Ч 100 = 30 Amount = 130 Interest from second = 4 ├Ч 6% ├Ч 130 = 31.2 30 : 31.2 = 25 : 26

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question