Question

Elvish invested Rs. 5000 in a compound interest scheme for 2 years at an annual interest rate of m%. If the compound interest obtained was Rs. 1272, find the rate of interest per annum.

A 20%
B 15%
C 12%
D 24%
Practice Next

More Simple and compound interest Questions

Relevant for Exams:

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)