Multiple choice

A sum of money becomes 1.331 times in 3 years as compound interest. The rate of interest is - एक राशि 3 वर्षों में चक्रवृद्धि ब्याज से स्वयं का 1.331 गुना हो जाती है | ब्याज की दर है -

  1. 8%

  2. 7.5%

  3. 10%

  4. 50%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Amount becomes 1.331 times in 3 years at compound interest. Since 1.331^(1/3)=1.1, the rate is 10% per annum. Verify: 1×1.1³=1.331, which matches.

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