defence exam Coast Guard Navik GD (General Duty) 02/2025 Mock Test Series Quantitative Aptitude Interest Simple and Compound Both
A sum becomes Rs. 21000 on compound interest (compounding annually) after one year. This sum becomes Rs. 22050 on compound interest (compound annually) at the same rate after two years. What is the annual rate of interest?
1
1.5 percent
2
5 percent
3
10 percent
4
12 percent