In a bank, Deepa deposits a sum of Rs. 6250, which amounts to Rs. 7840 in two years, compounded annually. The rate of interest is:

In a bank, Deepa deposits a sum of Rs. 6250, which amounts to Rs. 7840

1.	In a bank, Deepa deposits a sum of Rs. 6250, which amounts to Rs. 7840 in two years, compounded annually. The rate of interest is:
A.	10%
B.	12%
C.	13%
D.	11%
Answer» C. 13%

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In a bank, Deepa deposits a sum of Rs. 6250, which amounts to Rs. 7840 in two years, compounded annually. The rate of interest is:

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