Mathematics · Compound Interest
The compound interest (compounded annually) received on a certain sum of money at the end of the 2nd and 3rd years is ₹1,500 and ₹1,626 respectively. Find the rate of interest per annum.
- 18.4%✓
- 210.2%
- 39.2%
- 47.7%
Correct answer
8.4%
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