Mathematics · Compound Interest

At what rate percent per annum will ₹ 33,000 yield a compound interest of ₹ 31,680 in 2 years, when interest is compounded yearly?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

130%
250%
355%
440%✓

Correct answer

40%

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At what rate percent per annum will ₹ 33,000 yield a compound interest of ₹ 31,680 in 2 years, when interest is compounded yearly?

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At what rate percent per annum will ₹ 33,000 yield a compound interest of ₹ 31,680 in 2 years, when interest is compounded yearly?

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