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At what rate per cent compound …

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At what rate per cent compound interest, does a sum of money become 1-44 times of itself in 2 years ?
  • 2 answers

Veerayya Swamy Veerayya Swamy 3 years, 8 months ago

20 %

Gaurav Seth 3 years, 11 months ago

 

If a sum of money compounded annually becomes 1.44 times of itself in 2 years, then the rate of interest per annum is

  • 25%

  • 22%

  • 21%

  • 20%

<hr />

D.

20%


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