Mathematics · Compound Interest
Manali lent a certain amount to Shalu at a certain rate of compound interest per annum. The total interest accumulated at the end of 2 years and 3 years was Rs. 945 and Rs. 1,521 respectively. What was the rate of interest per annum?
- 114.29%✓
- 212.50%
- 316.67%
- 420.00%
Correct answer
14.29%
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