Mathematics for FinancePYQ Nov 18Question 1177 of 422
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If an amount is kept at S. I. it earns an interest of $P 600$ in first two years but when kept at compound interest it earns an interest of $P 660$ for the same period, then the rate of interest and principal amount respectively are:

Options

A$20\%, P 1,200$
B$20\%, P 1,500$
C$10\%, P 1,200$
D$10\%, P 1,500$
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Correct Answer

Option b$20\%, P 1,500$

All Options:

  • A$20\%, P 1,200$
  • B$20\%, P 1,500$
  • C$10\%, P 1,200$
  • D$10\%, P 1,500$

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