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    Question

    A sum becomes 2.89 times ot itselt in 2 years when

    invested at compound interest (compounded annually). What is the annual rate of interest?
    A 50% Correct Answer Incorrect Answer
    B 70% Correct Answer Incorrect Answer
    C 40% Correct Answer Incorrect Answer
    D 80% Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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