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Q.
At what rate of compound interest per annum will a sum of rs.1200 becomes rs.1348.32 in 2 years
A.
0.66
B.
6.5%
C.
0.07000000000000001
D.
7.5%
View Answer
Correct choice: A
Explanation:
rate=r% 1200 (1+r/100)^2=1348.32 r=6%
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