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    Question

    A person invested 6,000 in a bank at compound interest

    compounded annually. After 3 years, the sum became 7,986. What was the rate of interest?
    A 8% Correct Answer Incorrect Answer
    B 10% Correct Answer Incorrect Answer
    C 12% Correct Answer Incorrect Answer
    D 15% Correct Answer Incorrect Answer

    Solution

    Let the rate of interest be R%

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