On a certain sum, the compound interest accrued in the first two years is Rs. 5520 and that in the first three years is Rs. 9576. What is the rate of interest ?

On a certain sum, the compound interest accrued in the first two ye

1.	On a certain sum, the compound interest accrued in the first two years is Rs. 5520 and that in the first three years is Rs. 9576. What is the rate of interest ?
A.	10 %
B.	20 %
C.	30 %
D.	40 %
Answer» D. 40 %

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On a certain sum, the compound interest accrued in the first two years is Rs. 5520 and that in the first three years is Rs. 9576. What is the rate of interest ?

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