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?

  1. 28:25
  2. 25:28
  3. 1:2
  4. 2:1

 

 

3 comments

  1. Nikhil juneja

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

  2. 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.

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