At what rate percent per annum will a sum of 1,000 amounts to 1,10 – McqOptions

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1.	At what rate percent per annum will a sum of 1,000 amounts to 1,102.50 in 2 years at compound interest ?
A.	5%
B.	5.5%
C.	6%
D.	6.5%
Answer» B. 5.5%

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