SSC SSC MTS & Havaldar Mock Test Series 2024 Quantitative Aptitude Interest Compound Interest

The interest accrued on a sum of Rs. 12,000 in two years, when interest is compounded annually, is Rs. 3,870. What is the rate of interest per annum? 

1
12.5% 
2
10% 
3
20% 
4
15% 
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