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- A sum of money invested at compound interest to Rs.
Question 1:
A sum of money invested at compound interest to Rs. 800 in 3 years and to Rs 840 in 4 years. The rate on interest per annum is. A. 4%
B. 5%
Feedback S.I. on Rs 800 for 1 year = 40
Rate = (100*40)/(800*1) = 5%
Rate = (100*40)/(800*1) = 5%
C. 6%
D. 7%
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