If the amount received at the end of 1st and 2nd year at compound interest on a certain principal is Rs. 1,350 and Rs. 1,458 respectively, what is the rate of interest?

If the amount received at the end of 1st and 2nd year at compound inte

1.	If the amount received at the end of 1st and 2nd year at compound interest on a certain principal is Rs. 1,350 and Rs. 1,458 respectively, what is the rate of interest?
A.	10%
B.	15%
C.	12%
D.	8%
Answer» E.

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If the amount received at the end of 1st and 2nd year at compound interest on a certain principal is Rs. 1,350 and Rs. 1,458 respectively, what is the rate of interest?

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