At what rate percent will a sum of Rs 1000 amount to Rs 1102.50 in 2 years at compound interest?

Explanation

To find the rate percent at which a sum of Rs 1000 will amount to Rs 1102.50 in 2 years at compound interest, we can follow these steps:

### Step 1: Identify the given values
- Principal (P) = Rs 1000
- Amount (A) = Rs 1102.50
- Time (n) = 2 years
- Rate (r) = ?

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