Mathematics · Compound Interest
Akash invested a sum of money at compound interest, compounded annually. It amounted to ₹4,840 in 2 years and to ₹5,280 in 3 years. Find the rate of interest per cent per annum, correct to two decimal places.
- 111.09%
- 29.09%✓
- 38.09%
- 410.9%
Correct answer
9.09%
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