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13. Seema invested an amount of 16,000 for two
years at compound interest and received an
amount of * 17,640 on maturity. What is the
rate of interest p.a.?
(a) 8%
(b) 4%
(c) 6%
(d) 5%
13. Seema invested an amount of 16,000 for two
years at compound interest and received an
amount of * 17,640 on maturity. What is the
rate of interest p.a.?
(a) 8%
(b) 4%
(c) 6%
(d) 5%
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option D is correct
refer to the attachment for solution
Answer:
5% Is the interest on amount of 16000 invested by seema