Question

    Sumanth invested a sum of money at r% rate of interest

    per annum, compounded annually. The sum invested amounted to ₹6,05,000 at the end of two years and to ₹8,05,255 at the end of five years. Find the value of r.
    A 12 Correct Answer Incorrect Answer
    B 10 Correct Answer Incorrect Answer
    C 8 Correct Answer Incorrect Answer
    D 9 Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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