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Compound Interest Practice Test 4
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Question : 28
Total: 40
J and K invest some amount under CI and SI for the same period at the same interest rate. If they both get the same amount at the end, then which of the following is definitely true?
Sum invested by J is more than the sum invested by K.
Sum invested by both is equal.
Sum invested by K is more than the sum invested by J.
All of the above are true.
None of these
Validate
Solution:
Since rate and time in both cases is the same, the sum invested may vary.
If the amount received by both is the same, it implies that, sum invested by K at SI must be more than the sum invested by J at CI.
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