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What will be the compound interest on a sum of 1200 for 2 years?A sum of Rs. 1,200 becomes Rs. 1,323 in 2 years at compound interest compounded annually. What will be the compound interest on a sum of ₹ 1200 for 2 years at the rate of 20% per annum when the interest is compounded yearly *?This is Expert Verified Answer Therefore, the interest of compound interest is Rs. 528. At what rate of compound interest per annum will a sum of Rs 1200 become 1348.32 in 2 years?134832=1200(1+R100)2(1+R100)2=1348.301200(1+R100)2=1123610000(1+R100)=106100R=6% Q. What is the compound interest on rupees 20000 at 10% for 2 years?Where P is principal, R is rate of interest and T is time. ∴ The compound interest for 2 years is Rs. 2464.
Post your comments here:Name *: Email : (optional) » Your comments will be displayed only after manual approval. At what rate of compound interest per annum will a sum of Rs 1200 become Rs 1348.32 3% 4% 5% 6%?Then, 1200×(1+R100)2=1348.321200×(1+R100)2=1348.32%
What will be the compound interest on a sum of ₹ 1200 for 2 years at the rate of 20% per annum when the interest is compounded yearly?Expert-Verified Answer
Therefore, the interest of compound interest is Rs. 528.
At what rate of compound interest per annum will a sum of Rs 1200 become Rs 1323 in 2 years?r=5%.
What will be the compound interest on a sum of 12000?Thus, the compound interest on Rs. 12000 at 5 % p.a. for 3 years will be Rs. 1891.5.
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