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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 230Rs 275Rs 200Rs 250

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Solution 1

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.

This problem has been solved

Solution 2

The question seems to be asking for the interest earned on a sum of Rs 1440 after 2 years with an annual compound interest rate of 813813%. However, this interest rate is extremely high and unrealistic.

Assuming it's a typo and the interest rate is 8%, the formula for compound interest is:

A = P (1 + r/n) ^ nt

Where: A = the amount of money accumulated after n years, including interest. P = the 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

In this case: P = Rs 1440 r = 8% or 0.08 n = 1 (since it's compounded annually) t = 2 years

Substituting these values into the formula:

A = 1440 (1 + 0.08/1) ^ (1*2) A = 1440 (1 + 0.08) ^ 2 A = 1440 * 1.08 ^ 2 A = 1440 * 1.1664 A = Rs 1679.22

The interest earned would be A - P = Rs 1679.22 - Rs 1440 = Rs 239.22

None of the options provided (Rs 230, Rs 275, Rs 200, Rs 250) exactly match this result. The closest option is Rs 230.

This problem has been solved

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