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Study the following graph carefully and answer the following questions given below.
The Amount invested by Vikram in savings scheme G is equal to the amount invested by him in savings scheme B. The rate of interest (p.c.p.a.) of savings scheme G and B are the same. The only difference is that savings scheme G offers compound interest (compounded annually)whereas the savings scheme B offers simple interest. If the difference between the interest earned by Vikram from both the schemes after 2 years is Rs. 349.92, what is the rate of interest?
  • a)
    6%
  • b)
    5%
  • c)
    3%
  • d)
    4%
  • e)
    9%
Correct answer is option 'E'. Can you explain this answer?
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Study the following graph carefully and answer the following questions given below.The Amount invested by Vikram in savings scheme G is equal to the amount invested by him in savings scheme B. The rate of interest (p.c.p.a.) of savings scheme G and B are the same. The only difference is that savings scheme G offers compound interest (compounded annually)whereas the savings scheme B offers simple interest. If the difference between the interest earned by Vikram from both the schemes after 2 years is Rs. 349.92, what is the rate of interest?a)6%b)5%c)3%d)4%e)9%Correct answer is option 'E'. Can you explain this answer?
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Study the following graph carefully and answer the following questions given below.The Amount invested by Vikram in savings scheme G is equal to the amount invested by him in savings scheme B. The rate of interest (p.c.p.a.) of savings scheme G and B are the same. The only difference is that savings scheme G offers compound interest (compounded annually)whereas the savings scheme B offers simple interest. If the difference between the interest earned by Vikram from both the schemes after 2 years is Rs. 349.92, what is the rate of interest?a)6%b)5%c)3%d)4%e)9%Correct answer is option 'E'. 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 Study the following graph carefully and answer the following questions given below.The Amount invested by Vikram in savings scheme G is equal to the amount invested by him in savings scheme B. The rate of interest (p.c.p.a.) of savings scheme G and B are the same. The only difference is that savings scheme G offers compound interest (compounded annually)whereas the savings scheme B offers simple interest. If the difference between the interest earned by Vikram from both the schemes after 2 years is Rs. 349.92, what is the rate of interest?a)6%b)5%c)3%d)4%e)9%Correct answer is option 'E'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Study the following graph carefully and answer the following questions given below.The Amount invested by Vikram in savings scheme G is equal to the amount invested by him in savings scheme B. The rate of interest (p.c.p.a.) of savings scheme G and B are the same. The only difference is that savings scheme G offers compound interest (compounded annually)whereas the savings scheme B offers simple interest. If the difference between the interest earned by Vikram from both the schemes after 2 years is Rs. 349.92, what is the rate of interest?a)6%b)5%c)3%d)4%e)9%Correct answer is option 'E'. Can you explain this answer?.
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