A sum of money on compound interest amount to Rs. 9680 in 2 years and Rs. 10648 in 3 years. What is the rate of interest per annum?

A sum of money on compound interest amount to Rs. 9680 in 2 years and

1.	A sum of money on compound interest amount to Rs. 9680 in 2 years and Rs. 10648 in 3 years. What is the rate of interest per annum?
A.	5%
B.	10%
C.	15%
D.	20%
Answer» C. 15%

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A sum of money on compound interest amount to Rs. 9680 in 2 years and Rs. 10648 in 3 years. What is the rate of interest per annum?

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