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A sum of ₹12,000 becomes ₹13,230 in 2 years when compounded annually · Find the rate of interest per annum.
4%
5%
6%
7%
5%
Practice and solve "A sum of ₹12,000 becomes ₹13,230 in 2 years when compounded annually · Find the rate of interest per..." for RRB JE CBT-1 - Mathematics · The correct answer is Option B: 5%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "A sum of ₹12,000 becomes ₹13,230 in 2 years when compounded annually · Find the rate of interest per..." for RRB JE CBT-1 - Mathematics · The correct answer is Option B: 5%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.