In how many years will a sum of Rs. 320 amount to Rs. 405 if interest is compounded at 12.5% per annum?
A. 2 years
B. 1 year
C. $$2\frac{1}{2}{\text{ years}}$$
D. $$1\frac{1}{2}{\text{ years}}$$
Answer: Option A
This Question Belongs to Arithmetic Ability >> Compound Interest
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