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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

`10%`

B

`9%`

C

`11%`

D

`8%`

Text Solution

Verified by Experts

The correct Answer is:
A
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