Q:
What is the interest rate per annum, if a sum of money invested at compound interest amount to Rs. 2400 in 3 years and in 4 years to Rs. 2,520?
Answer & Explanation
Answer: C) 5%
Explanation: Let 'R%' be the rate of interest
From the given data,
Hence, the rate of interest R = 5% per annum.
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