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

  • question_answer
    What is the sum of money at compound interest will give interest Rs. 6238 in 3 years, if the rate of interest is 3% for the first year, 4% for the second year and 5% for the third year?

    A) Rs. 5000

    B) Rs. 10000

    C) Rs. 25000

    D) Rs. 50000

    E) Cannot be determined.

    Correct Answer: D

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