If a sum becomes Rs. 1,460 in two years and Rs. 1,606 in three years due to the compound interest, then annual rate of interest is∶

If a sum becomes Rs. 1,460 in two years and Rs. 1,606 in three years d

1.	If a sum becomes Rs. 1,460 in two years and Rs. 1,606 in three years due to the compound interest, then annual rate of interest is∶
A.	10%
B.	9%
C.	8%
D.	11%
Answer» B. 9%

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If a sum becomes Rs. 1,460 in two years and Rs. 1,606 in three years due to the compound interest, then annual rate of interest is∶

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