Instructions

In each of the questions, a question is followed by two statements I and II. Give your answer

Question 158

What is the rate of compound imterest?
I. Principal is Rs. 1200
II. Amount is Rs. 1323

Solution

We know that if Principal amount of P is compounded in n years at the rate of r percent,

Compounded Amount,A$$=P\times\ \left(1+\ \frac{\ r}{100}\right)^n$$.

But ,here P and A is given . r and n is missing.

So, it is not possible to calculate rate of interest.

D is correct choice.

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What is the rate of compound imterest?I. Principal is Rs. 1200II. Amount is Rs. 1323