1.

The difference between the compound interest and the simple interest accrued on an amount of RS. 18000 in2 years was RS. 405. What was the rate of interest?

Answer»

ong>Step-by-step explanation:

The difference between the compound INTEREST and the simple interest ACCRUED on an amount of RS. 18,000 in 2 YEARS was Rs. 405. ... The difference between the compound interest (compounding annually) and simple interest on a sum at the RATE of 12% per annum for 2 years is Rs 360.



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