A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest i – McqOptions

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1.	A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. The rate of compound interest is
A.	3 %
B.	5 %
C.	6 %
D.	7 %
Answer» C. 6 %

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