At what annual compound interest rate, compounded annually, will a sum of money become 57 times itself in 2 years? (Round your answer to the nearest integer.)

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

  1. (A) 660%
  2. (B) 662%
  3. (C) 655%
  4. (D) 653%

Verified Answer

Option (C): 655%


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