If the compound interest of the second y

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

If the compound interest of the second year is 35, and interest rate is 16$\frac{2}{3}$ %, find the simple interest for 5 year ?

Options:

₹150

₹140

₹155

₹130

Correct Answer:

₹150

Explanation:

16 $\frac{2}{3}$% = $\frac{1}{6}$