- A10.5%
- B10%
- C21%
- D12%
Step-by-Step Solution
In 2 years ₹ 40,000 became ₹ 48,400: , so and . (10.5% treats it as simple interest.)
Answer: B) 10%
Leela's FD passbook is shown. The interest is compounded annually at a fixed rate. What is the rate of interest?
Class 8Compound InterestComparing Quantities
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