Question
A sum under compound interest, interest being compounded annually amounts to $? 6000$ in two years and $? 7200$ in three years. Find the rate of interest.(A) $10 \%$ p.a.(B) $20 \%$ p.a.(C) $18 \%$ p.a(D) $15 \%$ p.a
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We can find the interest rate by comparing the amounts in the two consecutive years. Show more…
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