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At what percent is the annual compound interest rate taken such...

This question belongs to Arithmetic Ability Compound Interest
Compound Interest
?

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

Answer & Solution
Correct Answer: Option B
Compound Interest mcq question image
$$ \Rightarrow {\text{Rate}} = \frac{1}{1} \times 100 = 100{\text{ Answer}}$$
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