Niki invests Rs. 6,000 for 2 years at certain rate of interest compoun – InterviewSolution

1.	Niki invests Rs. 6,000 for 2 years at certain rate of interest compounded annually. At the end of 1st year it amounts to Rs. 6,720. Calculate the rate of interest & amount at the end of the 2nd year.
Answer» Niki invests Rs. 6,000 for 2 years at certain rate of interest compounded annually. At the end of 1st year it amounts to Rs. 6,720. Calculate the rate of interest & amount at the end of the 2nd year.

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