Mathematics · Compound Interest
A sum amounts to Rs. 6,580 in 2 years and amounts to Rs. 7,896 in 3 years on compound interest (compounding annually) at the same rate of interest. What is the annual rate of interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 130 percent
- 240 percent
- 315 percent
- 420 percent✓
Correct answer
20 percent
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