Mathematics · Compound Interest
A sum of money at compound interest (compounded annually) amounts to ₹11,760 in 2 years and ₹16,464 in 3 years. What is the annual rate of interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 130 percent
- 235 percent
- 342 percent
- 440 percent✓
Correct answer
40 percent
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