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Maths Mcqs

Compound interest earned on a sum for the second and the third years are Rs.1200 and Rs.1440 respectively. Find the rate of interest?

A. 18% p.a.
B. 22% p.a.
C. 20% p.a.Correct Answer
D. 24% p.a.
E. None of these.
Correct Option: C. 20% p.a.

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