Compound interest problems Practice Question and Answer

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Q:

The interest compounded annually on a sum of Rs. 56000 at a rate of 7% p.a. after 3 years is what percentage of the simple interest on a sum of Rs. 72000 at a rate of 9% p.a. after 5 years?

 695 0

  • 1
    32.22%
    Correct
    Wrong
  • 2
    34.44%
    Correct
    Wrong
  • 3
    35.55%
    Correct
    Wrong
  • 4
    37.77%
    Correct
    Wrong
  • 5
    38.88%
    Correct
    Wrong
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Answer : 5. " 38.88%"
Explanation :

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