A sum of Rs. 10500 becomes Rs. 17745 in 2 years at the rate of compound interest. If the interest is compounded annually, then what will be the rate of interest?

A sum of Rs. 10500 becomes Rs. 17745 in 2 years at the rate of compoun

1.	A sum of Rs. 10500 becomes Rs. 17745 in 2 years at the rate of compound interest. If the interest is compounded annually, then what will be the rate of interest?
A.	40%
B.	30%
C.	25%
D.	20%
Answer» C. 25%

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A sum of Rs. 10500 becomes Rs. 17745 in 2 years at the rate of compound interest. If the interest is compounded annually, then what will be the rate of interest?

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