Seema invested an amount of Rs 16000/- for two years at compound inter – McqOptions

MCQOPTIONS

1.	Seema invested an amount of Rs 16000/- for two years at compound interest and received an amount of Rs 17640/- on maturity. What is the rate of interest ?
A.	8%
B.	5%
C.	4%
D.	3%
Answer» C. 4%

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