A sum of money yields compound interest ₹ 720.00 in one year and ₹ 1483.20 in two years, compounded annually. What is the rate of interest?
1
5.75%
2
6.00%
3
6.20%
4
6.25%
A sum of money yields compound interest ₹ 720.00 in one year and ₹ 1483.20 in two years, compounded annually. What is the rate of interest?