A sum of Rs.1,200 becomes Rs.1,323 in two years at compound interest compounded annually. Find the rate percent?
A. 5%
B. 6%
C. 7%
D. 8%
Answer:A
A sum of Rs.1,200 becomes Rs.1,323 in two years at compound interest compounded annually. Find the rate percent?
A. 5% B. 6% C. 7% D. 8%