Question

compound interest is earned on a sum for the second and third years are 1440 find the rate of interest

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Answer 1

Answer:

Step-by-step explanation:

Rs.1440 - 1200 = Rs.240 is the interest on Rs.1200 for one year.

Rate of interest = (100 x 240) / (1200) = 20% p.a

Subject: Compound Interest - Quantitative Aptitude - Arithmetic Ability

Exam Prep: AIEEE , Bank Exams , CAT , GATE

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