What is the rate of simple interest for the first 4 years if the sum of ₹ 360 becomes ₹ 540 in 9 years and the rate of interest for the last 5 years is 6%?

What is the rate of simple interest for the first 4 years if the sum of ₹ 360 becomes ₹ 540 in 9 years and the rate of interest for the last 5 years i

What is the rate of simple interest for the first 4 years if the sum of ₹ 360 becomes ₹ 540 in 9 years and the rate of interest for the last 5 years is 6%?

A. 4%
B. 5%
C. 3%
D. 6%

The correct answer is option B. 5%. Can you explain this answer in the comments?

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What is the rate of simple interest for the first 4 years if the sum of ₹ 360 becomes ₹ 540 in 9 years and the rate of interest for the last 5 years is 6%?

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This is Ashutosh Nautiyal. Currently, I'm pursuing my graduation from Bipin Tripathi Kumaon Institute Of Technology, Dwarahat, Almora and my branch is Civil Engineering. I have done my schooling at Omkarananda Saraswati Nilayam, Rishikesh.

Civil Engineering With Akhand Dutta

What is the rate of simple interest for the first 4 years if the sum of ₹ 360 becomes ₹ 540 in 9 years and the rate of interest for the last 5 years is 6%?

What is the rate of simple interest for the first 4 years if the sum of ₹ 360 becomes ₹ 540 in 9 years and the rate of interest for the last 5 years is 6%?

The correct answer is option B. 5%. Can you explain this answer in the comments?

View Complete Solution Here

Books I recommend for Quantitative Aptitude:

1. How to Prepare for Quantitative Aptitude for CAT by Arun Sharma

2. Ace Quantitative Aptitude For Banking and Insurance

3. Quantitative Aptitude Quantum CAT by Sarvesh K Verma

4. Quantitative Aptitude for Competitive Examinations by R.S. Aggarwal

5. Best 4000 Smart Practice Questions for Banking by S. Chand Experts

About the Author

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