Arithmetic Ability
Compound Interest

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Q.

What is the rate of compound interest? I. The principal was invested for 4 years. II. The earned interest was Rs. 1491.

View Answer

Correct choice: D

Explanation:

Let Principal = Rs. P and Rate = R% p.a. Then, Amount= Rs.[P(1+R/100)4] C.I = P[(1+R/100)4−1] P[(1+R/100)4−1]=1491 Clearly, it does not give the answer
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