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A certain sum grows upto 4840 in 2 years and upto 5324 in 3 years on compound interest. Find the rate percent.

A5%

B10%

C15%

D20%

Answer:

B. 10%

Read Explanation:

Interest in 3rd year = amount in 3rd year - amount in 2nd year = 5324 - 4840 = 484 rate of interest = 484 / 4840 x 100 = 10%


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