If sum of Rs. 1000 amount to Rs. 1331 in 3 years, compounded annually. Then, find rate of interest per annum?

If sum of Rs. 1000 amount to Rs. 1331 in 3 years, compounded annually.

1.	If sum of Rs. 1000 amount to Rs. 1331 in 3 years, compounded annually. Then, find rate of interest per annum?
A.	20%
B.	15%
C.	10%
D.	30%
Answer» D. 30%

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If sum of Rs. 1000 amount to Rs. 1331 in 3 years, compounded annually. Then, find rate of interest per annum?

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