On compound interest, a certain sum amounts to ₹7350 in 2 years and ₹8575 in 3 years. Find the rate of interest.

Question

On compound interest, a certain sum amounts to ₹7350 in 2 years and ₹8575 in 3 years. Find the rate of interest.

Options

A.

253%\frac{25}{3}%

B.

503%\frac{50}{3}%

C.
25%25\%
D.
33%33\%
cuet 2023compound interestrate calculationproblem solving

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