Question

    A sum of Rs. 4,000 is invested

    for 2 years at an annual interest rate of 'p'%, compounded annually. If the total interest earned after 2 years is Rs. 3,840, what is the value of 'p'?
    A 45 Correct Answer Incorrect Answer
    B 40 Correct Answer Incorrect Answer
    C 55 Correct Answer Incorrect Answer
    D 65 Correct Answer Incorrect Answer

    Solution

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