defence exam CISF Head Constable Ministerial (HCM) & ASI Steno Mock Test Series Quantitative Aptitude Interest Compound Interest
Raju invests a sum of money at compound interest at R% per annum for 25 years. If the compound interest earned in nth year is Rs. 126 and the compound interest earned in (n + 1)th year is Rs. 134.82, then find the value of R. (in %)
1
7% p.a.
2
8% p.a.
3
9% p.a.
4
Cannot be determined