The difference of compound interest and simple interest for 3 years and for 2 years are in ratio 23 : 7 respectively. What is rate of interest per annum (in %)?

The difference of compound interest and simple interest for 3 years and for 2 years are in ratio 23 : 7 respectively. What is rate of interest per annum (in %)?
1). 200/7
2). 100/7
3). 300/7
4). 400/7

---

Join Telegram Group

Answer This Question
Name:
Email:
Answer :
Sum of (5+2)
Submit:

Other Questions

1.  A man 500 for 2 years and 300 for 3 years at the same rate simple interest and required only Rs. 190 as interest. What was the rate% p.a.?

2.  Reshma's monthly income is 22% more than Neelam's. If Neelam's monthly income is Rs. 3500, what is Reshma's monthly income ?

3.  The difference between the simple interest received from two different sources on Rs. 1500 for 3 years is Rs. 13.50 . The difference between their rates of interest is :

4.  David invested certain amount in three different schemes A, B and C with the rate of interest 10% p.a., 12% p.a. and 15% p.a. respectively. If the total interest accrued in one year was Rs. 3200 and t

5.  A man took loan from a bank at the rate of 12% P.A. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. the principal amount borrowed by him was.

6. In the beginning of the year 2001, Mr. X invest some amount in a bank, In the beginning of 2004, the accumulated interest is Rs. 10000 and in the beginning of 2007, the accumulated interest becomes Rs. 25000. The interest rate is compounded annually and annual interest rate is fixed. The principle amount is:

7.  If Rs. 64 amounts to Rs. 83.20 in 2 years, what will Rs. 86 amount to in 4 years at the same rate percent per annum ?

8.  The simple interest at x% for x years will be Rs. x on a sum of:

9.  The difference between the interest received from two different banks on Rs 150O for four years is Rs 75. Find the difference between their rates.

10. A man invests half 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