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A sum of money amounts to Rs. 4,840 in ...

A sum of money amounts to `Rs. 4,840` in 2 years and to `Rs. 5,324` in 3 years at compound interest compounded annually. The rate of interest per annum is :

A

A) `10% `

B

B) `9% `

C

C) `11% `

D

D) `8%`

Text Solution

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The correct Answer is:
A
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