Mathematics · Compound Interest
Rahul earns an interest of ₹ 2996 for the third year and ₹ 1400 for the second year on the same sum. Find the rate of interest per annum if it is lent at compound interest (compounding annually).
- 1113%
- 2114%
- 3112%✓
- 4110%
Correct answer
112%
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