*DS:what is the ratio of the rates of intrest for the two sc

by **tejal** Mon Oct 20, 2008 6:46 am

what is the ratio of the rates of intrest for the two schemes?
1. 4000$ invested in the first scheme amounts to 8000$ in 4 yrs.
2. 8000$ invested in the second amounts to 12000$ in 1.5yrs.

correct ans is E.COuld someone pls explain?

by **Guest** Mon Oct 20, 2008 5:50 pm

It is not given whether the interest is simple or compound, therefore E

by **RonPurewal** Wed Nov 05, 2008 5:04 am

hi -

please CITE A SOURCE for this problem, per the forum rules. if you don't, we'll be forced to delete the thread soon, because of copyright issues.

thank you.