A certain principal is invested in a scheme of compound interest. The amount obtained after 2 years is Rs. 1210 and the amount obtained after 3 years is Rs. 1331. What is the rate of interest?

A certain principal is invested in a scheme of compound interest. The

1.	A certain principal is invested in a scheme of compound interest. The amount obtained after 2 years is Rs. 1210 and the amount obtained after 3 years is Rs. 1331. What is the rate of interest?
A.	5
B.	10
C.	15
D.	20
Answer» C. 15

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A certain principal is invested in a scheme of compound interest. The amount obtained after 2 years is Rs. 1210 and the amount obtained after 3 years is Rs. 1331. What is the rate of interest?

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