If interest is compounded annually, at what annual rate of interest will a sum become 20 times itself in 2 years? (Round your answer to one decimal place)

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) 340.3
2. (B) 353.1
3. (C) 345.6
4. (D) 347.2

Verified Answer

Option (D): 347.2

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