Elitmus
Exam
Numerical Ability
Simple & Compound Interest
A person borrows some money for 5 years and loan amount : total interest amount = 5:2. The ratio loan amount: interest rate is???
Read Solution (Total 2)
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- Ans: 25:2
Required Ratio will be-
5 : 2/5 (Because total interest amount will be for 5 years but interest rate applies for a year therefore dividing total interest rate with 5)
= 25:2 - 7 years agoHelpfull: Yes(2) No(11)
- principal *rate %*time =interest
rate=(2*100)/5*5
rate=8
so ratio will be = 5:8 - 2 years agoHelpfull: Yes(1) No(0)
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