Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Quantitative Aptitude Interest Simple and Compound Both
The simple interest on a certain sum of ₹ P at a rate of r% per annum for 3 years is Rs.11,250 and the compound interest on the same sum for 2 years at the same rate percent p.a. is ₹ 7,650. What is the value of P and r, respectively?
1
₹ 93750 and 4%
2
₹ 93750 and 5%
3
₹ 92500 and 6%
4
₹ 92500 and 7%