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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

🗓 Sep 18, 2024

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Ojasvini ~ Bengaluru 🌐 India
SI =PTR/100

SI=1440-1000=440



440=1000*2*R/100

440=20*R

R=440/20

R=22



Therefore rate of interest earned will be 22%.
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