SSC CPO SI and ASI Model Paper 5

Question : 121 of 200

Marks: +1, -0

A sum of money amounts toθ 15,000 in 3 years and ₹ 12,000 in 2 years under compound interest. The rate of interest per annum is

Solution:

(4) The percentage increase in thevalue of money in

3^r^d

year=

{15000- 12000}/12000×100 = 25%

Rate of interest per annum = 25%

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