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      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

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