What will be the interest after 2 years on a sum of Rs 1440,at the rate of interest 813813% compounded annually?Rs 230Rs 275Rs 200Rs 250
Question
What will be the interest after 2 years on a sum of Rs 1440, at the rate of interest 813813% compounded annually?
- Rs 230
- Rs 275
- Rs 200
- Rs 250
Solution
The question seems to be incomplete or incorrectly formatted. The rate of interest appears to be unusually high (813813%). Could you please provide the correct rate of interest?
However, if you want to calculate compound interest, you can use the formula:
A = P (1 + r/n) ^ nt
Where: A = the amount of money accumulated after n years, including interest. P = principal amount (the initial amount of money) r = annual interest rate (in decimal) n = number of times that interest is compounded per year t = time the money is invested for in years
Once you have the correct values, you can substitute them into the formula to get your answer.
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