A certain amount becomes Rs. 627200 in two years and Rs.702464 in three years. If the interest is compounded yearly what is the rate of interest ?

A certain amount becomes Rs. 627200 in two years and Rs.702464 in t

1.	A certain amount becomes Rs. 627200 in two years and Rs.702464 in three years. If the interest is compounded yearly what is the rate of interest ?
A.	10 %
B.	12 %
C.	14 %
D.	16 %
Answer» C. 14 %

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A certain amount becomes Rs. 627200 in two years and Rs.702464 in three years. If the interest is compounded yearly what is the rate of interest ?

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