A sum becomes 4 times of itself in 2 years at compound interest. What is the rate percent per annum?

Type: MCQ • Marks: 1

A. 1) 50%

B. 2) 200%

C. 3) 150%

D. 4) 100%

Explanation

4P = P(1 + R/100)^2 => 1 + R/100 = 2 => R = 100%.

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UP TGT Mathematics

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