Model Aptitude questions & answers for placement

Q.  A certain sum earns simple interest of Rs. 800 in 2 years at a certain rate of interest. If the same sum earns compound interest of Rs. 845 in the same period of 2 years, What must be the rate of interest?

a. 5% p.a.
b. 7.5% p.a.
c. 10% p.a.
d. 12.5% p.a.


ANSWER: See Answer
 
No explanation is available for this question!
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