Question
Quantitative Aptitude Question on SI & CI
A certain sum of money becomes 13,824 after 3 years and 32,768 after 6 years if the interest is compounded annually. What is the rate of interest per annum?
A
6.66%
B
3.33%
C
16.66
D
33.33%
Answer
33.33%
Explanation
Solution
The correct answer is (D);33.33%