IBPS
Government Jobs Exams
Numerical Ability
Simple & Compound Interest
the simple interest obtained on investing 600 at 2 years in bank A is 90 more than that obtained on investing it at end same time period in bank B. The annual rate of interest of A is more than B by how much percentage?
7.2
6.8
7.8
8.4
4.8
Read Solution (Total 3)
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- ans is 7.5
- 8 years agoHelpfull: Yes(3) No(0)
- can anyone explain the above prblm??
- 8 years agoHelpfull: Yes(0) No(0)
- Let R1 be the rate for bank A and R2 for bank B.
Given that SI1+90= SI2.....(1)
P=600
T=2 for both SI1 and SI2
Solving the above equation (1) we get
R1-R2=90/1200=7.2 - 8 years agoHelpfull: Yes(0) No(1)
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