At what rate will a sum of rupee 640 be compounded to rupees 774.40 in 2 yrs when the interest is compounded anually?
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A=P(1+(R/100))^t
774.4=640(1+R/100)^2
134.4=(1+R/100)^2
R=10%
774.4=640(1+R/100)^2
134.4=(1+R/100)^2
R=10%
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