Mathematics · Compound Interest

A sum of money on compound interest (compounded annually) amounts to ₹ 10,846 in 3 years and ₹ 9,860 in 2 years. The rate of interest per annum is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

12%
25%
315%
410%✓

Correct answer

10%

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A sum of money on compound interest (compounded annually) amounts to ₹ 10,846 in 3 years and ₹ 9,860 in 2 years. The rate of interest per annum is:

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A sum of money on compound interest (compounded annually) amounts to ₹ 10,846 in 3 years and ₹ 9,860 in 2 years. The rate of interest per annum is:

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