Question

For the such rate of Interest, the ratio of amount for one year under simple interest and for two years under compound interest compounded annually is 3:4. Find the rate of intrest:

• A. $16\frac 23 \%$
• B. $20 \%$
• C. $33\frac 13 \%$
• D. $30 \%$

Answer 1

Answer: (C)

$33\frac 13 \%$

Answer 2

The correct option is (C): $33\frac 13 \%$.