What will be the ratio of simple interest earned by certain amount at the same rate of interest for 12 years and for 18 years...? Mcqs

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What will be the ratio of simple interest earned by certain amount at the same rate of interest for 12 years and for 18 years...?

(A) 2:5
(B) 2:3

(C) 1:3
(D) 3:1

✅ Correct Answer: 2:3

Comments

Source: This question is taken from the Excise, Taxation Inspector & Narcotics Department (BS-16)

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A sum of Rs 12,500 amounts to Rs 15,500 in 4 years at the rate of simple interest. What is the rate of interest?...?

(A) 6%
(B) 8%

(C) 10%
(D) None of these

✅ Correct Answer: 6%

Comments

Source: This question is taken from the OFFICE ASSISTANT (BS-16) Housing Urban Development

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