A sum of money invested at compound interest amounts in 3 years to 2 – McqOptions

MCQOPTIONS

1.	A sum of money invested at compound interest amounts in 3 years to 2,400 and in 4 years to 2,520. The interest rate per annum is :
A.	5%
B.	6%
C.	10%
D.	12%
Answer» B. 6%

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