Software-Engineering
October 6, 2023October 6, 2023
Mathematical-Reasoning
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Question 4
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A certain principal invested at compounded interest payable yearly amounts to Rs. 10816.00 in 3 years and Rs. 11248.64 in 4 years. What is the rate of interest?
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3%
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4%
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4.5%
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5.5%
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Question 4 Explanation:
Rate of interest=((11248.64 – 10816)/10816) * 100
= (432.64 / 10816)*100
= 4%
= (432.64 / 10816)*100
= 4%
Correct Answer: B
Question 4 Explanation:
Rate of interest=((11248.64 – 10816)/10816) * 100
= (432.64 / 10816)*100
= 4%
= (432.64 / 10816)*100
= 4%