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In each of the questions, a question is followed by two statements I and II. Give your answer
What is the rate of compound imterest?
I. Principal is Rs. 1200
II. Amount is Rs. 1323
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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