Puneeta borrowed from Reena for two years at a certain sum at simple interest. Puneeta lent this sum to Venu at the same rate for two years in simple interest. Puneeta lent this sum to Venu at the same rate for two years compound interest. At the end of two years she received Rs 110 as compound interest but paid Rs 100 as simple interest. Find the sum and rate of interest.

Question

Examsnet · Accepted Answer

Correct Answer is :  Rs 250, rate 20% per annum

Percentage Practice Test 1 with solutions