Arithmeticmedium · Past Paper
At what rate percent per annum compound interest will Rs 625 amount to Rs 676 in 2 years?
A2%
B3%
C4%
D5%
✓ Correct Answer: C — 4%
676/625 = (1 + R/100)^2 => (26/25)^2 = (1 + R/100)^2 => 1.04 = 1 + R/100 => R = 4%.
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