At what rate percentage per annum (correct to one place of decimal) will ₹17,280 amount to ₹23,520 in 2 years, if the interest is compounded annually?
A16.7%
B15.9%
C16.4%
D15.4%
No.1 PSC Learning App
★
★
★
★
★
Related Questions:
If a person deposits Rs. 7500 in a bank with 4% annual compound interest , then the amount of interest (in rupees) after 2 years is :
If a sum of money placed at compound interest, compounded annually, doubles itself in 5 years, then the same amount of money will be 8 times of itself in
600 രൂപയ്ക്ക് 10% നിരക്കിൽ ഒരു വർഷത്തേക്ക് കിട്ടുന്ന സാധാരണ പലിശയും, കൂട്ടുപലിശയും തമ്മിലുള്ള വ്യത്യാസം എന്ത്?
The difference between simple and compound interests, compounded annually, on a certain sum of money for 2 years at 5% per annum is ₹1,600. Find the sum (in ₹).
The compound interest on a sum for 4th year is ₹ 6000 and compound interest for 5th year is ₹ 6750(interest is compounded annually). What is the rate of interest?