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    1. Home
    2. Questions
    3. Quantitative Aptitude
    4. Simple and compound interest
    5. A sum becomes 2.89 times ot itselt in 2 years when invested at compound interest (compounded annuall

    Question

    A sum becomes 2.89 times ot itselt in 2 years when

    invested at compound interest (compounded annually). What is the annual rate of interest?
    A 50% Correct Answer Incorrect Answer
    B 70% Correct Answer Incorrect Answer
    C 40% Correct Answer Incorrect Answer
    D 80% Correct Answer Incorrect Answer

    Solution

    The correct answer is B

    Practice Next
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    Relevant for Exams:

    • IB ACIO Executive

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