Question

A sum of$10,000$ becomes $14,400$ on compound interest in $2$ years. What is the rate of interest per annum?

• A. $10\%$
• B. $40\%$
• C. $20\%$
• D. $15\%$

Answer 1

Answer: (C)

$20\%$

Answer 2

The correct option is (C) :$20\%$