A certain principal invested in a scheme of compound interest. The amount obtained after 2 year is Rs. 3630 and the amount obtained after 3 years is Rs. 3993. What is the rate of interest (in percentage)?

A certain principal invested in a scheme of compound interest. The amo

1.	A certain principal invested in a scheme of compound interest. The amount obtained after 2 year is Rs. 3630 and the amount obtained after 3 years is Rs. 3993. What is the rate of interest (in percentage)?
A.	10
B.	12
C.	18
D.	15
Answer» B. 12

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A certain principal invested in a scheme of compound interest. The amount obtained after 2 year is Rs. 3630 and the amount obtained after 3 years is Rs. 3993. What is the rate of interest (in percentage)?

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