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1. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?





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  • By: guest on 01 Jun 2017 05.46 pm
    Let the rate be R% p.a. Then, 1200 x 1 + R 2 = 1348.32 100 1 + R 2 = 134832 = 11236 100 120000 10000 1 + R 2 = 106 2 100 100 1 + R = 106 100 100 R = 6%
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