A sum of ?10,00,000 was invested in a scheme where it got compounded annually an

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✪ Choose the correct option.

A sum of ?10,00,000 was invested in a scheme where it got compounded annually and the sum increased to ?11,06,704 in 2 years. What is the rate of interest?

A. 0.052
B. 0.054
C. 0.048
D. 0.044

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