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Multiple Choice Question

A sum of ₹8,000 amounts to ₹9,261 in 2 years at compound interest. What is the rate of interest?

  • A
    5%
  • B
    7.5%
  • C
    10%
  • D
    12.5%
Explanation:
The sum increased at a rate of 10% per annum

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This question belongs to the set "Mathematics Practice Quiz on Simple and Compound Interest". Click below to read detailed notes and attempt the full quiz.

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