Mathematics · Compound Interest
A sum of Rs. 31,500 amounts to Rs. 53,235 in 2 years at a certain rate of interest compounded annually. What is the rate of interest compounded annually?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 127.5 percent
- 228 percent
- 330 percent✓
- 432.5 percent
Correct answer
30 percent
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