A sum of money becomes ₹2,000 in 3 years and ₹2,400 in 4

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70

M: +2.00/-0.50

A sum of money becomes ₹2,000 in 3 years and ₹2,400 in 4 years, at the certain rate of yearly compound interest in case of annual compounding. Find the yearly rate of compound interest.

[SSC CHSL 3rd June 2022 Shift-3 With Answers]

A

20%

B

10%

C

15%

D

25%

EXPLANATION

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