Hey..!!

00 amounts to Rs1440.

00 in two years, then what is the rate of interest earned

Ritesh Phogat

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Given that the interest is only earned on principal, if an i

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I

I

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I. An amount doubles it

I. An amount doubles it

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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%.