Mathematics · Compound Interest
Rajeev invested Rs. 3,000 for 2 years at compound interest (compounded annually) in a company which paid him an interest of Rs. 1,320. What will be the annual rate of interest at which Rajeev invested his money?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 130 percent
- 224 percent
- 320 percent✓
- 416 percent
Correct answer
20 percent
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