Question

The difference between simple interest and compound interest (compounded annually) at the same rate of interest on rs 5000 for 2 years is rs. 32. Find the rate of interest.

Answer 1

rate of interest is 17.9%appr

Answer 2

$\large\blue{\mathfrak{ Answer:}}$

$\Huge\red{ 17.9 \: percent }$

→ Rate of interest is approximately 17.9% .