A sum of money invested at compound interest amounts to Rs. 1,600 in 2 years and Rs. 1,680 in 3 years. Find the rate of interest.

A sum of money invested at compound interest amounts to Rs. 1,600 in 2

1.	A sum of money invested at compound interest amounts to Rs. 1,600 in 2 years and Rs. 1,680 in 3 years. Find the rate of interest.
A.	5%
B.	6%
C.	5.5%
D.	6.5%
Answer» B. 6%

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A sum of money invested at compound interest amounts to Rs. 1,600 in 2 years and Rs. 1,680 in 3 years. Find the rate of interest.

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