What will be the compound interest when ₹3600 is deposited in a bank at \(16\frac{2}{3}\)% per annum compounded annually for 2 years?
Answer & explanation
Correct answer: option 3
16\(\frac{2}{3}\)% = \(\frac{1}{6}\)
Now,
What will be the compound interest when ₹3600 is deposited in a bank at \(16\frac{2}{3}\)% per annum compounded annually for 2 years?
Correct answer: option 3
16\(\frac{2}{3}\)% = \(\frac{1}{6}\)
Now,