At what rate of Simple interest will Rs 4200 become Rs 5,712 in 4 years?
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At what annual interest rate will Rs 2304 compound interest become Rs 2500 in 2 years.
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5712 - 4200 = 1512
1512 = 4200 * r * 4 / 100
1512 * 100 / 4200 = 4r
1512 / 42 = 4r
36 = 4r
r = 36 / 4
r = 9 % p.a.
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