railway DFCCIL Junior Executive 2023 (CBT 1 & CBT 2) Mock Test Quantitative Aptitude Interest Simple and Compound Both
A sum of money is lent at simple interest and compound interest. The ratio between the difference of compound interest and simple interest of 3 years and 2 years is 34 : 11. What is the rate of interest per annum?
1
\(8\frac{3}{{11}}\)
2
\(7\frac{4}{{11}}\)
3
\(10\frac{2}{{11}}\)
4
\(9\frac{1}{{11}}\)