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Q: The CI on Rs 800 in 2 Years becomes Rs 82. Find the rate of compound interest
A. 2% B. 5%
C. 5.5% D. 3%

Answer and Explanation

Answer:5%

Explanation:
Let the rate be r% pa
800(1 + r/100)2 – 800 = 82
r = 5%

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