Bunuel wrote:
The compound interest on a certain sum of money invested at a certain rate of interest in the 2nd year and in the 3rd year was $600 and $720 respectively. What was the rate of interest at which the sum of money was invested?
(A) 12.0%
(B) 12.5%
(C) 15.0%
(D) 20.0%
(E) 25.0%
hi
720/600 = 1.2
=20% ....
thanks
cheers ..
.jpg)
