Business Studies, asked by vamsi761, 1 year ago

Given that the interest is only earned on principal, if an investment of rs.1000 amounts to rs.1440 in two years, then what is the rate of interest earned

Answers

Answered by RiskyJaaat

7

(P*R*T)/100 INTEREST( I)= 1440-1000= 440

440=(1000*R*2)/100

R=22%

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