If Rs. 2500 becomes to Rs. 2970.25 in 2 years at compound interest compounded annually, then what is the yearly rate of interest (in %)?

If Rs. 2500 becomes to Rs. 2970.25 in 2 years at compound interest com

1.	If Rs. 2500 becomes to Rs. 2970.25 in 2 years at compound interest compounded annually, then what is the yearly rate of interest (in %)?
A.	7
B.	9
C.	11
D.	13
Answer» C. 11

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If Rs. 2500 becomes to Rs. 2970.25 in 2 years at compound interest compounded annually, then what is the yearly rate of interest (in %)?

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