An amount of Rs.12000 is invested at a compound interest rate of R% per annum for 2 years. If the interest earned is Rs.2520, find the annual interest rate R.
1
10%
2
12%
3
14%
4
16%
5
None of these
An amount of Rs.12000 is invested at a compound interest rate of R% per annum for 2 years. If the interest earned is Rs.2520, find the annual interest rate R.