railway RPF Constable Mock Test Series 2024 Quantitative Aptitude Interest Simple and Compound Both

A sum amounts to Rs. 6580 in 2 years and amounts to Rs. 7896 in 3 years on compound interest (compounding annually) at the same rate of interest. What is the annual rate of interest?

1
30 percent
2
40 percent
3
15 percent
4
20 percent
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