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Quantitative Aptitude

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Simple Interest & Compound Interest

Question
19 out of 24
 

What is rate of interest p.c.p.a. ?

(1) SI earned per annum is 1600

(2) the difference between CI and SI on an amount is Rs. 500 at the end of 2 years

(3) an amount double itself in 4 years at SI



A all are correct
B only III
C either II or III
D only III or I and II

E can’t be answered even with all above statements

Ans. B From statement 1 & 2 we cannot find principal while from statement 3 we get required data.

Simple Interest & Compound Interest Flashcard List

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