Arithmetic Ability
Compound Interest

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Q.

A sum is being lent at 20 % per annum compound interest.what is the ratio of increase in amount of 4th year to 5th year?

View Answer

Correct choice: C

Explanation:

P(1+r/100)4/P(1+r/100)5=1(1+r/100) =100/100+r=100/120=5/6
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