At what rate of compound interest per annum will a sum of rs. 1,200 become rs. 1348.32 in 2 years
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P(1+R/100)^2 =A
1200(1+R/100)^2=1348.32
(1+R/100)^2=1.1236
1+R/100=1.06
R/100=6/100
R=6
1200(1+R/100)^2=1348.32
(1+R/100)^2=1.1236
1+R/100=1.06
R/100=6/100
R=6
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