- A20
- B18
- C16
- D25
Step-by-Step Solution
Interest in the 3rd year = 11616 − 9680 = ₹1936, earned on ₹9680. Rate %.
Answer: A) 20
Under compound interest (compounded yearly), a deposit grows to ₹9680 after 2 years and to ₹11616 after 3 years. What is the annual rate of interest (in %)?
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