## Quant Question Of The Day: 229

**A sum was lent for an year and another was lent for 2 years at 12% interest rate. Each sum amounted to the same value. The ratio of first sum to second sum is?**

**28:25****25:28****1:2****2:1**

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**A sum was lent for an year and another was lent for 2 years at 12% interest rate. Each sum amounted to the same value. The ratio of first sum to second sum is?**

**28:25****25:28****1:2****2:1**

**Answer: (1) 28:25**

**Solution:**

**a(1+r%)^1 = b(1+r%)^2**

**a/b = 1+r% = 1+12/100 = 28/25**

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If it is not mentioned in the problem , then it has to be assumed compound interest ?

It will be mentioned in questions of SI CI. (question edited)

I suppose unless it has been mentioned whether it the interest is compounded annually or not, it would be difficult to proceed. Though a way out is you will have to try out both the scenarios but I doubt that would be the case.