BANK EPFO SSA Mock Test 2023 Quantitative Aptitude Interest Compound Interest

A sum of Rs. 500 is invested at a certain rate of compound interest per annum. The total interest earned in two years is Rs. 105. What is the rate of compound interest?

1

4% per annum

2

5% per annum

3

8% per annum

4

10% per annum

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