If the amount received at the end of 2nd and 3rd year at Compound Inte – McqOptions

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1.	If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 24200, and Rs 26620 respectively, what is theÂ rate of interest?
A.	10 percent
B.	5 percent
C.	20 percent
D.	16 percent
Answer» B. 5 percent

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