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Standard VIII

Mathematics

Finding CI When Rate Compounded Anually or Semi - Anually

Sunil investe...

Question

Sunil invested Rs 5,000 for 3 years at a certain rate of interest compounded annually, which at the end of first year amounts to Rs 5,600. The rate of interest p.a. is

10 %

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13 %

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12 %

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5 %

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Solution

The correct option is C
12 %

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Sunil invested Rs 5,000 for 3 years at a certain rate of interest compounded annually, which at the end of first year amounts to Rs 5,600. The rate of interest p.a. is

The correct option is C 12 %

The correct option is C
12 %