Question

Given that the interest is only earned on principal .if an investment of Rs 1000.00 amounts to

Rs 1440.00 in two years then what is the rate of interest earned ?

A. 20%

B. 22%

C. 21%

D. 11%
​

Answer 1

Answer:

20 percent will be your right answer

Answer 2

Answer:

B. 22%

Step-by-step explanation:

we know that,

I=p×r×t/100

so, I=440(A-P=I)

p=1000

t=2year

then 440=1000×r×2/100

440/20=r

22=r