Practicing Success
Practicing Success
CUET Preparation Today
A man invested a sum of money at compound interest. It amounted to ₹12100 in two years and to ₹13310 in three years. The rate of interest per annum is: |
11% 9.5% 12.5% 10% |
10% |
Difference in amount = 13310 - 12100 = 1210 Rate of interest = \(\frac{1210}{12100}\) × 100% = \(\frac{1}{10}\) × 100% = 10% |
