insurence exam NICL AO (Pre + Mains) Mock Test 2024 Quantitative Aptitude Interest Compound Interest
Mushkan’s capital is \(\frac{2}{3}\) 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 Mushkan invest her capital so that after 2 years, they both have the same amount of capital?
1
8%
2
8.2%
3
8.4%
4
8.6%
5
8.8%