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An amount is invested in a bank at compound rate of interest. The total amount, including interest, after first and third year is RS. 1200 and RS.1587, respectively. What is the rate of interest ?

Correct Answer: 15%

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Math MCQ: An amount is invested in a bank at compound rate of interest. The total amount, including interest, after first and third year is RS. 1200 and RS.1587, respectively. What is the rate of interest ? | Extra Education