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If the compound interest on an amount of Rs. 29000 in two years is Rs. 9352.5, what is the rate of interest?

A11

B9

C15

D18

Answer:

C. 15

Read Explanation:

P = 29000, Cl = 9352.5, N = 2 years , A = P + I = 38,352.5 Substituting the values in A = P(1 + R/100) Solving we get R = 15%.


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