A sum becomes 1.96 times of itself in 2 years when invested

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A sum becomes 1.96 times of itself in 2 years when invested at compound interest (compounding annually). What is the annual rate of interest ?

[SSC CHSL 16th March 2023 Shift-4 With Answers]

A

20 percent

B

25 percent

C

40 percent

D

30 percent

...

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