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Direction (7-11): Study the graph to answer the questions. 
Amount invested by Gaurav in another scheme S is equal to the amount invested by him in scheme N. The rate of interest per annum of schemes S and N are same. The only difference is scheme S offers compound interest (compounded annually), whereas the scheme N offers simple interest. If the difference between the interest earned by Gaurav from both the schemes after 2 yr is Rs. 349.92, then what is the rate of interest? 
  • a)
    9%
  • b)
    5% 
  • c)
    13%
  • d)
    11%
  • e)
    7%
Correct answer is option 'A'. Can you explain this answer?
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Direction (7-11): Study the graph to answer the questions.Amount inves...
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Direction (7-11): Study the graph to answer the questions.Amount invested by Gaurav in another scheme S is equal to the amount invested by him in scheme N. The rate of interest per annum of schemes S and N are same. The only difference is scheme S offers compound interest (compounded annually), whereas the scheme N offers simple interest. If the difference between the interest earned by Gaurav from both the schemes after 2 yr is Rs. 349.92, then what is the rate of interest?a)9%b)5%c)13%d)11%e)7%Correct answer is option 'A'. Can you explain this answer?
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Direction (7-11): Study the graph to answer the questions.Amount invested by Gaurav in another scheme S is equal to the amount invested by him in scheme N. The rate of interest per annum of schemes S and N are same. The only difference is scheme S offers compound interest (compounded annually), whereas the scheme N offers simple interest. If the difference between the interest earned by Gaurav from both the schemes after 2 yr is Rs. 349.92, then what is the rate of interest?a)9%b)5%c)13%d)11%e)7%Correct answer is option 'A'. 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 Direction (7-11): Study the graph to answer the questions.Amount invested by Gaurav in another scheme S is equal to the amount invested by him in scheme N. The rate of interest per annum of schemes S and N are same. The only difference is scheme S offers compound interest (compounded annually), whereas the scheme N offers simple interest. If the difference between the interest earned by Gaurav from both the schemes after 2 yr is Rs. 349.92, then what is the rate of interest?a)9%b)5%c)13%d)11%e)7%Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Quant 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction (7-11): Study the graph to answer the questions.Amount invested by Gaurav in another scheme S is equal to the amount invested by him in scheme N. The rate of interest per annum of schemes S and N are same. The only difference is scheme S offers compound interest (compounded annually), whereas the scheme N offers simple interest. If the difference between the interest earned by Gaurav from both the schemes after 2 yr is Rs. 349.92, then what is the rate of interest?a)9%b)5%c)13%d)11%e)7%Correct answer is option 'A'. Can you explain this answer?.
Solutions for Direction (7-11): Study the graph to answer the questions.Amount invested by Gaurav in another scheme S is equal to the amount invested by him in scheme N. The rate of interest per annum of schemes S and N are same. The only difference is scheme S offers compound interest (compounded annually), whereas the scheme N offers simple interest. If the difference between the interest earned by Gaurav from both the schemes after 2 yr is Rs. 349.92, then what is the rate of interest?a)9%b)5%c)13%d)11%e)7%Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Quant. Download more important topics, notes, lectures and mock test series for Quant Exam by signing up for free.
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