At what rate percent compound interest per annum with Rs. 640 amount to Rs. 774.40 in 2 years?

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To find the rate of compound interest per annum, we can use the formula for compound interest:

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

Where:
- A is the final amount after t years
- P is the principal amount (initial amount)
- r is the annual interest rate (in decimal form)
- n is the number of times the interest is compounded per year
- t is the number of years

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Degree : BACHELOR DEGREE PROGRAMMES
Course Name : BACHELOR IN COMMERCE CHOICE BASED CREDIT SYSTEM
Course Code : B.Com(G) CBCS
Subject Name : BUSINESS MATHEMATICS AND STATISTICS
Subject Code : BCOC 134
Year : 2022 2023