At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?

At what rate of compound interest per annum will a sum of Rs. 1200 be

1.	At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
A.	6%
B.	6.5%
C.	7%
D.	7.5%
Answer» B. 6.5%

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At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?

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