state gov TSPSC DAO (Divisional Accounts Officer) Mock Test 2024 Quantitative Aptitude Interest Compound Interest
The interest on a sum at a certain rate of interest compounded yearly for two years is Rs. 5,500. If the simple interest on the same sum, at the same rate of interest for 4 years is Rs. 10,000 then the rate of interest is
1
20%
2
25%
3
10%
4
15%