Question

A sum of money amounts to Rs 2420 in 2 years and Rs 2662 in 3 years at compound interest. Find the rate of interest per annum and the principal.

A 10% and Rs.2000
B 18% and Rs.1000
C 13% and Rs.2100
D 21% and Rs.2050
Practice Next

More Simple and compound interest Questions

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)