Question:
A certain sum of money becomes 13,824 after 3 years and 32,768 after 6 years if the interest is compounded annually. What is the rate of interest per annum?
A certain sum of money becomes 13,824 after 3 years and 32,768 after 6 years if the interest is compounded annually. What is the rate of interest per annum?
Updated On: Oct 25, 2024
- 6.66%
- 3.33%
- 16.66
- 33.33%
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The Correct Option is D
Solution and Explanation
The correct answer is (D);33.33%
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