Question:

For the such rate of Interest, the ratio of amount for one year under simple interest and for two years under compound interest compounded annually is 3:4. Find the rate of intrest:

Updated On: Aug 8, 2024
  • \(16\frac 23 \%\)
  • \(20 \%\)
  • \(33\frac 13 \%\)
  • \(30 \%\)
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The Correct Option is C

Solution and Explanation

The correct option is (C): \(33\frac 13 \%\).
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