BANK IDBI JAM Grade "O" Mock Test 2025 (New) Quantitative Aptitude Interest Simple and Compound Both
Meena’s capital is 2/3 times more than Mira’s capital. Mira invested her capital at 40% per annum for 2 years (compounded annually). At what rate of interest per annum at simple interest should Meena invest her capital so that after 2 years, they both have the same amount of capital?
1
8.2%
2
7.8%
3
8.4%
4
8.6%
5
8.8%