Q: A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interes – McqOptions

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1.	Q: A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. The rate of compound interest is
A.	0.03
B.	0.05
C.	0.06
D.	0.07
Answer» C. 0.06

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