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.
[WpProQuiz 338]
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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
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