The compound interest on a certain sum for the 2nd year is Rs. 132 and for the 3rd year is Rs. 145.2. Find the rate of interest.
Options:
- A: 8%
- B: 9%
- C: 10%
- D: 12%
Related Practice Questions:
- A sum of ₹4000 is invested at compound interest for 2 years at a rate of 10% per annum. What will be the total amount at the end of 2 years?
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- The difference between the compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is ₹25. Find the sum.
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