Mathematics · Compound Interest

If the amount obtained after 2 years at compound interest (compounded annually) is 1.44 times the principal sum, then the rate of interest per annum is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

120%✓
212.5%
310%
415%

Correct answer

20%

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If the amount obtained after 2 years at compound interest (compounded annually) is 1.44 times the principal sum, then the rate of interest per annum is:

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If the amount obtained after 2 years at compound interest (compounded annually) is 1.44 times the principal sum, then the rate of interest per annum is:

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