Question:
A sum of\( 10,000\) becomes \( 14,400\) on compound interest in \(2\) years. What is the rate of interest per annum?
A sum of\( 10,000\) becomes \( 14,400\) on compound interest in \(2\) years. What is the rate of interest per annum?
Updated On: Sep 3, 2024
- \(10\%\)
- \(40\%\)
- \(20\%\)
- \(15\%\)
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The Correct Option is C
Solution and Explanation
The correct option is (C) :\(20\%\)
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