Examveda

At what percent is the annual compound interest rate taken such that a certain sum amounts to its 16 times in 4 years?

A. 175%

B. 100%

C. 200%

D. 75%

Answer: Option B

Solution (By Examveda Team)

Compound Interest mcq question image
$$ \Rightarrow {\text{Rate}} = \frac{1}{1} \times 100 = 100{\text{ Answer}}$$

This Question Belongs to Arithmetic Ability >> Compound Interest

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