Practice Quantitative Aptitude – Application Sums (Day-19)

Practice Quantitative Aptitude – Application Sums (Day-19):

Dear Readers, Important Practice Quantitative Aptitude – Application Sums for IBPS Exams 2017 was given here with Solutions. Aspirants those who are preparing for the Bank Examination and other Competitive Examination can use this material.

Application Sum Day-19

maximum of 10 points
  • Tapan

    in question no 5. why the ans is 5 years : year 1 2 3 4
    si 12% 12% 12% 12%
    ci 10% 11% 12.1%

    why the ans is not 3rd year please explain

    • Rohit Dwivedi

      Hi tapan, simple interest of 5 years will be 60% with interest rate 12% per annum. While compound interest of 5 years with 10% interest rate will be 61%. So it will be 5 years