Teaching Bihar STET Paper 1 (माध्यमिक) Mock Test 2024 Quantitative Aptitude Interest Compound Interest
A sum of ₹ 11700 becomes ₹ 16848 in 2 years at the rate of compound interest. If the interest is compounded annually, then what will be the rate of interest?
1
20%
2
15%
3
17.5%
4
25%