on what sum of money lent out at 8% p.a simple interwst would produce RS.9000 as interest in 2 year
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What will oe the interest earned if the same sum of money is invested for 5 years at 12 % per annum Simple Interest ? The compound interest (compounded annually) on Rs. 9300/- Tor 2 years @ R% p.a. is Rs. 4092/-. Had the rate of interest been (R-10)%, what would have been the interest on the same sum of money for the same time (2 years) ?
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