A=P(1+r/100)n, so 2226.05=2000(1+r/100)2.
(1+r/100)2=1.113025, so 1+r/100=1.055.
Therefore r=5.5%.
On compound interest, Rs. 2,000 amounts to Rs. 2,226.05 in 2 years. What is the rate of interest per annum ?
Held on 30 May 2023 · Verified 13 Jul 2026.
5%
5.5%
6%
6.5%
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