Q. A sum becomes ₹13500 in 1 year and ₹14580 in 2 years at compound interest. Find the rate.
✅ Correct Answer: (B)
8%
Explanation: Growth factor = 14580 / 13500 = 1.08 → Rate = 8%.
Explanation by: Mr. Dubey
Growth factor = 14580 / 13500 = 1.08 → Rate = 8%.