Question

the difference between compound interest and simple interest on rupees 7500 for 2 years is rupees 12 at the same rate of interest per annum find the rate of interest​

Answer 1

Answer:

Step-by-step explanation:

by the formula

difference=p(r/100)^2

here difference=12 p=7500

                12=7500(r/100)^2

            12x10000=7500r^2

             r^2=(12x10000)/7500

             r^2=16

             r=4%