What is the rate of interest at which Rs.1200 amounts to Rs.1323 in two years, when the interest is compounded annually?
Answers
Answered by
1
Answer:
5.125 % Annual
Step-by-step explanation:
because total intrest is 10.25% in 2 years
then 5.125% intrest in one year
Answered by
0
Step-by-step explanation:
here,S=1200
P=1323
T=2yrs
R=?
S=P×R×T/100
1200=1323×R×2/100
R=1200×100/1323×2
Similar questions