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8. Comparing Quantities
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Q22 of 45 Page 8

At what rate percent compound interest per annum will Rs. 640 amounts to Rs. 774.40 in 2 years?

Given,


Principal = Rs.640


Amount = Rs.774.40


Time = 2 years


Let rate = R%


So,


A =


=


=


=


=


=


Hence,


Rate = 10% per annum

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Questions · 45
8. Comparing Quantities
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