A sum of money on compound interest amounts to Rs. 10648 in 3 years and Rs. 9680

Question

A sum of money on compound interest amounts to Rs. 10648 in 3 years and Rs. 9680 in 2 years. The rate of interest per annum is = ?

Options:

A . 5%

B . 10%

C . 15%

D . 20%

Answer: Option B

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Question 1. The compound interest on Rs 16000 for 9 months at 20% per annum, interest being compounded quarterly, is = ?....

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