A's capital exceeds B's capital by 20.5%. B invests his capital at 20% p.a. for 3 years, interest
compounded annually. At what rate percentage p.a. must A invest his capital at simple interest, so that at the
end of 3 years, both get the same amount (in INR)? (Correct to one decimal place)
Answers
Answered by
0
Answer:
A man invests half of his capital at the rate of 10% per annum, one third at 9% and the rest at 12% per annum. The average rate of interest per annum, which he gets is:
A) 9%
B) 10%
C) 5%
D) 12%
Correct Answer:
B) 10%
Description for Correct answer:
Let the total capital = Rs. 600
According to the question,
Total interest=(30+18+12)= Rs.60
Required Rate \%=60600×100=10 \%
Similar questions