In how many years will a sum of Rs. 320 amount to Rs. 405 if interest is compoun – OfficerPath

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MCQ Practice

In how many years will a sum of Rs. 320 amount to Rs. 405 if interest is compounded at 12.5% per annum?

Subject: MathematicsTopic: Compound Interest

A

2 years

B

1 year

C

$$2frac{1}{2}{text{ years}}$$

D

$$1frac{1}{2}{text{ years}}$$

Correct Answer: A

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