Banking Quantitative Aptitude Simple Interest Question Bank Simple Interest and Compound Interest

  • question_answer
    Arun invested a sum of money at a certain rate of S.I. for a period of 4 year. Had he invested the same sum for a period of 6 years, the total interest earned by him would have 50% more than earlier interest amount, what was the rate of interest per annum?

    A) 4%

    B) 8%

    C) 5%

    D) can't be determined

    E) None of these

    Correct Answer: D


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