If the compound interest(compounded anually) on Rs 12000 for 3 years is Rs 3972. Find the rate of interest per annum.
Q.HOTS
A certain sum of money is invested at the rate of 10% per annum compound interest, the interest compounded annually. If the difference between the interests of third year and first year is Rs. 1,105, find the sum invested.
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a) The interest paid by Mr. Gupta. b). The rate of interest.
If the compound interest(compounded anually) on Rs 12000 for 3 years is Rs 3972. Find the rate of interest per annum.
1) Compounded anually
2) compounded half yearly