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At what rate of interest per annum will a sum of money become 40 times its original amount in 2 years, if the interest is compounded annually? (Give your answer correct to one decimal place.)
537.9%
532.5%
538.3%
529.3%
532.5%
Practice and solve "At what rate of interest per annum will a sum of money become 40 times its original amount in 2 year..." for Mathematics - Previous Year Paper 2026. The correct answer is Option B: 532.5%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "At what rate of interest per annum will a sum of money become 40 times its original amount in 2 year..." for Mathematics - Previous Year Paper 2026. The correct answer is Option B: 532.5%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.