At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?	Choose the correct option:
A) 6%
B) 6.5%
C) 7%
D) 7.5%
E) None of these
Explanation:   Let the rate be R% p.a.   Then, 1200 x (1 + R/100)2   R = =6%   6%NSWER IS 6%
<result>A</result>
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?