An amount is invested in a bank at compound rate of interest . The tot – McqOptions

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1.	An amount is invested in a bank at compound rate of interest . The total amount, including interest, after first and third year is 1200 and 1587, respectively . What is the rate of interest ?
A.	10 %
B.	3.9 %
C.	12 %
D.	15 %
Answer» E.

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