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A sum amounts to Rs. 7,000 in 2 years and to Rs. 8,750 in 3 years at compound interest. What is the rate of interest?
What is the compound interest on Rs. 16,000 at 15% per annum for 2 years, compounded annually?
A sum of money doubles itself at compound interest in 2 years. In how many years will it become four times?