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Srikanth borrowed a sum of Rs. 12000 fro...

Srikanth borrowed a sum of Rs. 12000 from a finance company at the rate of 20% per annum under compound interest, compounded annually. Find the amount and C.I. for a period of 2 years.

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The correct Answer is:
Rs 17,280, Rs 5280
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PEARSON IIT JEE FOUNDATION-SIMPLE INTEREST AND COMPOUND INTEREST -EXAMPLE 9.14
  1. Srikanth borrowed a sum of Rs. 12000 from a finance company at the rat...

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