Mathematics · Compound Interest

If the compound interest amount at the end of the 2nd year and 3rd year on a certain principal is ₹12,000 and ₹13,200 respectively, find the rate of interest per annum.

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48%

Correct answer

10%

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If the compound interest amount at the end of the 2nd year and 3rd year on a certain principal is ₹12,000 and ₹13,200 respectively, find the rate of interest per annum.

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If the compound interest amount at the end of the 2nd year and 3rd year on a certain principal is ₹12,000 and ₹13,200 respectively, find the rate of interest per annum.

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