Q. A sum becomes ₹13500 in 1 year and ₹14580 in 2 years at compound interest. Find the rate.

  • (A) 7%
  • (B) 8%
  • (C) 8.5%
  • (D) 9%
✅ Correct Answer: (B) 8%
Explanation: Growth factor = 14580 / 13500 = 1.08 → Rate = 8%.

Published by Mr. Dubey ⭐ 109.12K Points at 06-Dec-2025 09:41 am in Math

Explanation by: Mr. Dubey
Growth factor = 14580 / 13500 = 1.08 → Rate = 8%.

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