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

  • google app store apple app store
  • ✖

      Question

      Krishna invests a certain amount at an annual simple

      interest rate of 9% for 2 years. The total amount he receives after this period is then reinvested at an annual simple interest rate of 14% 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 None of these Correct Answer Incorrect Answer

      Solution

      ATQ; Let P = 100 Interest from first = 2 × 9% × 100 = 18 Amount = 118 Interest from second = 4 × 14% × 118 = 66.56 18 : 66.56 = 9 : 33

      Practice Next
      ask-question