If an amount is compounded annually so that it tripled itself in 4 years, then the annual rate of interest is (Given that 3 1/4 = 1.316)
CA Foundation · Quantitative Aptitude · PYQS · January 2026
If an amount is compounded annually so that it tripled itself in 4 years, then the annual rate of interest is (Given that 3 1/4 = 1.316)
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. 31.6%
Topics: Part-A: Business Mathematics
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