At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years
Let Rate will be R%
$1200(1+R/100)^2$=134832/100
$(1+R/100)^2$=134832/120000
$(1+R/100)^2$=11236/10000
(1+R100)=106100
=>R=6%
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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