If the amount received at the end of 2nd and 3rdÂ year at Compound I – McqOptions

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1.	If the amount received at the end of 2nd and 3rdÂ year at Compound Interest on a certain Principal is RsÂ 29160, and Rs 31492.8 respectively, what is the rate ofÂ interest?
A.	4 percent
B.	8 percent
C.	16 percent
D.	13 percent
Answer» C. 16 percent

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