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At what rate of compound interest per annum will a sum of Rs. 1000 become Rs. 1144.9 in 2 years?

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At what rate of compound interest per annum will a sum of Rs. 1000 become Rs. 1144.9 in 2 years?
posted Aug 12, 2019 by Ujjwal Mehra

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1 Answer

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1000*(1+x)^2 = 1144.9
x = 0.07
Rate of interest = 7%.

answer Aug 27, 2019 by Tejas Naik
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