If a sum of money compounded annually becomes $1.44$ times of itself in $2$ years,then the rate of interest per annum (in $\%$) is:

  • A
    $25$
  • B
    $22$
  • C
    $21$
  • D
    $20$

Explore More

Similar Questions

₹ $800$ at $5 \%$ per annum compound interest amounts to ₹ $882$ in how many years?

₹ $6,100$ was partly invested in Scheme $A$ at $10 \%$ p.a. compound interest (compounded annually) for $2$ years and partly in Scheme $B$ at $10 \%$ p.a. simple interest for $4$ years. Both the schemes pay equal interests. How much was invested (in ₹) in Scheme $A$?

Difficult
View Solution

Sam invested ₹ $15000$ at $10 \%$ per annum for one year. If the interest is compounded half-yearly,then the amount (in ₹) received by Sam at the end of the year will be:

The simple and compound interests on a sum of money for $2$ years are ₹ $8400$ and ₹ $8652$ respectively. The rate of interest per annum is (in $\%$):

The compound interest earned by Shivam on a certain amount at the end of $2$ years at the rate of $8 \, p.c.p.a.$ was $Rs. 1414.4$. What was the total amount that Shivam got back at the end of $2$ years in the form of principal plus interest earned (in $Rs.$) (in $.4$)?

Vedclass Products

For Students

Vedclass Test Series

Mock tests in real JEE/NEET style with performance analysis. 5-day free trial.

Start Free Trial
For Teachers

Exam Paper Generator

Generate Set A/B/C/D exam papers from 7.5L+ questions in 2 minutes. 3 chapters free.

Try Free
For Institutes

Online Exam Module

Live online exams with unlimited students, 360° analytics & white-label branding.

See Demo