- A10%
- B8%
- C12%
- D5%
Step-by-Step Solution
Interest in the 3rd year = 5324 - 4840 = 484 on the 2-year amount 4840. Rate = .
Answer: A) 10%
A sum of money invested at compound interest amounts to Rs 4840 in 2 years and Rs 5324 in 3 years, all compounded annually.
What is the annual rate of interest?
Class 8Compound InterestComparing Quantities
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