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Q:

At what rate will a sum of Rs. 1000 amounts to Rs.1102.50 in 2 years at compound interest?

  • 1
    6.5%
  • 2
    6 %
  • 3
    5%
  • 4
    5.5%
  • 5
    None of these
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Answer : 3. "5%"

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