Multiple Choice Questions on At what rate of per annum will Rs 2304 amount to Rs 2500 in 2 years compounded annually ........ for Mathematics - All Exams Preparation

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Multiple Choice Questions

At what rate of per annum will Rs 2304 amount to Rs 2500 in 2 years compounded annually ........

Quantitative Aptitude ( CCS) Compound Interest
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    At what rate of % per annum will Rs.2304 amount  to Rs. 2500 in 2 years compounded annually.

    5.2%

    Incorrect Answer

    4.16%

    Correct Answer

    3.45%

    Incorrect Answer

    4.5%

    Incorrect Answer
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    Explanation:

    2304 == 2500
    576 == 625
    Take square roots
    24 == 25
    diff. = 1
    = (1/24) * 100 = 4.16%

    Hence, option 2 is the correct answer.

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