Question:
At what rate of interest 1,200 becomes ₹ 1,323 in 2 years where interest gets compounded annually:
At what rate of interest 1,200 becomes ₹ 1,323 in 2 years where interest gets compounded annually:
Updated On: Apr 17, 2024
- \(2\frac{1}{2}\%\)
- \(3\frac{1}{4}\%\)
- 5%
- \(7\frac{1}{2}\%\)
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The Correct Option is C
Solution and Explanation
The Correct Option is (C) : 5%
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