Question

6. The difference between the compound interest and the simple

interest on an amount of ₹18,000 in 2 years was ₹405. What is the

rate of interest per annum?

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Answer 1

Step-by-step explanation:

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Answer 2

C.I -S.I =P(R/100)^2

405=18000(R^2/10000)

(405*10000)/18000=R^2

R^2=225

Ans Rate of Interest = 15%