A sum of money lent at compound interest amounts to Rs 6050.00 in two years and to Rs 7320.50 in four years. The rate of interest is Options: A . &nbsp5 % B . &nbsp10 % C . &nbsp15 % D . &nbsp20 %

A sum of money lent at compound interest amounts to Rs 6050.00 in two years a

Question

A sum of money lent at compound interest amounts to Rs 6050.00 in two years and to Rs 7320.50 in four years. The rate of interest is

Options:

A . 5 %

B . 10 %

C . 15 %

D . 20 %

Answer: Option B

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