Question

At what rate of interest 1,200 becomes ₹ 1,323 in 2 years where interest gets compounded annually:

• A. $2\frac{1}{2}\%$
• B. $3\frac{1}{4}\%$
• C. 5%
• D. $7\frac{1}{2}\%$

Answer 1

Answer: (C)

5%

Answer 2

The Correct Option is (C) : 5%