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Quantitative Aptitude

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Simple Interest & Compound Interest

Question
7 out of 24
 

If the ratio of CI & SI interest for the same principal and rate of interest for 2 years is 1.2, find the rate of interest.



A 300%
B 15%
C 140%
D 3%
E None of these

Ans. C CI =

SI =

1 + = 2.4 or = 1.4

R = 140%

Simple Interest & Compound Interest Flashcard List

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