At what rate percent compound interest per annum with Rs. 640 amount t

Question

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

18 Jul 2023

Answer :

Word Count : 338

To find the rate of compound interest per annum, we can use the formula for compound interest:

\[ A = P(1 + r/n)^(nt) \]

Where:
- A is the final amount after t years
- P is the principal amount (initial amount)
- r is the annual interest rate (in decimal form)
- n is the number of times the interest is compounded ____ _____ _______ ___ __________.
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