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Aptitude · Q126

Compound Interest

Competitive Exams · Aptitude · question 126

Q126

A sum amount to Rs. 7,562 in 4 years and to Rs. 8,469.44 in 5 years at a certain rate percent per annum, when the interest is compounded yearly. The rate of interest is:

A.
8%
B.
12%
Answer
C.
20%
D.
15%

Answer: Option B

Solution

Answer: Option B
Solution: