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Quantitative Aptitude

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Simple Interest & Compound Interest

Question
29 out of 30
 

A sum of Rs. 1500 amounts to Rs. 3000 in five years at a certain rate of simple interest. If the rate of interest is increased by 1% the same sum in the same time would amount to:



A Rs. 3,288
B Rs. 3,312
C Rs. 3,340
D Rs. 3075
E None of these

Ans. D

After increasing interest 20 + 1 = 21

Simple Interest & Compound Interest Flashcard List

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