Rs 3600 becomes Rs. 4900 in 2 years when kept at compound interest (co – McqOptions

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1.	Rs 3600 becomes Rs. 4900 in 2 years when kept at compound interest (compounded annually). What is the rate of interest per annum?
A.	\(16\frac{2}{3}\% \)
B.	\(17\frac{1}{3}\% \)
C.	\(18\frac{1}{3}\% \)
D.	\(15\frac{2}{3}\% \)
Answer» B. \(17\frac{1}{3}\% \)

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