An amount is invested in a bank at compound rate of interest. The total amount, including interest, after first and third year is RS. 1200 and RS.1587, respectively. What is the rate of interest ?

Jatin Dubey • 3.72K Points
Extraordinary Math

Q. An amount is invested in a bank at compound rate of interest. The total amount, including interest, after first and third year is RS. 1200 and RS.1587, respectively. What is the rate of interest ?

(A) 10%

(B) 3.9%

(D) 15%

Correct Answer - Option(D)

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