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14. Compound Interest
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Q12 of 89 Page 14

At what rate percent compound interest per annum will Rs. 640 amount 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 · 89
14. Compound Interest
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