Verified by Ajay Kumar
A sum of money becomes 16 times in 2 years. What is the annual compound interest rate?
100%
200%
300%
400%
Answer: C
Solution
Let the annual rate be r%. Then (1 + r/100)² = 16. Taking the square root, 1 + r/100 = 4. Therefore, r = 300%.
एक धनराशि 2 वर्षों में 16 गुना हो जाती है। वार्षिक चक्रवृद्धि ब्याज दर क्या है?
100%
200%
300%
400%
उत्तर: C
हल
मान लें वार्षिक ब्याज दर r% है। तब (1 + r/100)² = 16। वर्गमूल लेने पर 1 + r/100 = 4। अतः r = 300%।
Community answers
Votes use a first-party browser cookie to help prevent repeat votes. Votes indicate helpfulness, not correctness.
No community answers yet. Be the first to share how you solved it.
Share your solution
Help other learners understand the steps. Your answer will be reviewed before it appears.