Syntel Company Numerical Ability Simple & Compound Interest

A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?

A. 3%
B. 4%
C. 5%
D. 6%
E. None of these

Read Solution (Total 1)

6%

SI = P*r*t/100

(15500-12500) = 12500*r*4/100

r= 6%
12 years agoHelpfull: Yes(2) No(0)

Syntel Other Question

A man takes twice as long to row a distance against the stream as to row the same distance in favour of the stream. The ratio of the speed of the boat (in still water) and the stream is:

A. 2 : 1
B. 3 : 1
C. 3 : 2
D. 4 : 3
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?

A. 6%
B. 6.5%
C. 7%
D. 7.5%