Arithmetic Ability
Compound Interest

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Q.

A sum of money invested at compound interest amounts to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate of interest per annum is

View Answer

Correct choice: C

Explanation:

S.I. on Rs.800 for 1 year =Rs[840 - 800] = Rs.40 Rate =(100x40/800x1)% = 5%
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