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Mayank invested a certain sum of money in a simple interest bond, that value grew to Rs. 300 at the end of 3 year and to Rs. 400 at the end of another 5 year.Then what was the rate of interest in which he invested his sum?a)12%b)12.5%c)6.67%d)8.33%e)None of the AboveCorrect answer is option 'D'. Can you explain this answer? for Quant 2024 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about Mayank invested a certain sum of money in a simple interest bond, that value grew to Rs. 300 at the end of 3 year and to Rs. 400 at the end of another 5 year.Then what was the rate of interest in which he invested his sum?a)12%b)12.5%c)6.67%d)8.33%e)None of the AboveCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mayank invested a certain sum of money in a simple interest bond, that value grew to Rs. 300 at the end of 3 year and to Rs. 400 at the end of another 5 year.Then what was the rate of interest in which he invested his sum?a)12%b)12.5%c)6.67%d)8.33%e)None of the AboveCorrect answer is option 'D'. Can you explain this answer?.

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