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A person lent out a certain sum on simple ...
A person lent out a certain sum on simple ...
0
A person lent out a certain sum on simple interest and the same sum on compound interest at a certain rate of interest per annum. He noticed that the ratio between the difference of compound interest and simple interest of 3 years and that of 2 years is 25 : 8. The rate of interest per annum is
a.
10%
b.
11%
c.
12%
d.
12(1/2)%
Asked By :
mohankumar1
Categories :
MAT
,
Mental Ability
,
Simple Interest
,
percentage
,
MBA
Answer:
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