The ratio of principal and the compounded interest value for three years (Compounded annually) is 216:127. The rate of interest is:

CA Foundation · Quantitative Aptitude · MTP · September 2024
The ratio of principal and the compounded interest value for three years (Compounded annually) is 216:127. The rate of interest is:
(A) A. 0.1777
(B) B. 0.1567
(C) C. 0.1666
(D) D. 0.1587

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. 0.1666

Topics: Part-A: Business Mathematics

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