What will be the compound interest on a sum of Rs. 1000 for 2 years at the rate of 45% per annum compounded 8 monthly?
1
Rs. 1197
2
Rs. 2197
3
Rs. 1971
4
Rs. 2971
What will be the compound interest on a sum of Rs. 1000 for 2 years at the rate of 45% per annum compounded 8 monthly?