Simple & Compound Interest - Previous Year IPM/BBA Questions
The best way to prepare for Simple & Compound Interest is by going through the previous year Simple & Compound Interest questions for JIPMAT. Here we bring you all previous year Simple & Compound Interest JIPMAT questions along with detailed solutions.
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It would be best if you clear your concepts before you practice previous year Simple & Compound Interest questions for JIPMAT.
ipm
A certain sum is lent at a certain rate of compound interest. It grows to 1.44 times its value in 2 years. If the same sum is lent at simple interest at the same rate, in how many years would it double itself?
- (a)
3 years
- (b)
4 years
- (c)
5 years
- (d)
6 years
Answer: Option C
Text Explanation :
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