A sum of money will become Rs 4600 in 5 years and Rs 4960 in 8 years at a certain rate of simple interest. The rate of interest is:
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1 mark, −0.33MathematicsQuantitative aptitude and data reasoningInterest, growth rates and compoundingModerateabout 2 min
UoH 2013 Question 79: Quantitative aptitude and data reasoning
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Quantitative aptitude and data reasoning has come up 92 times in 6 exams since 2008.
What this question tests
This question is on Interest, growth rates and compounding, part of Quantitative aptitude and data reasoning in Mathematics.
Simple and compound interest and the growth-rate measures used for economies.
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