The difference between the compound interest and simple interest accrued on an amount of rs.18000
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The difference between the compound interest and the simple interest accrued on an amount of Rs. 18,000 in 2 years was Rs. 405. What was the rate of interest p.c.p.a. ? Rate = 15%. ... compound interest(compounded annually), Same sum is also invested for the same period in scheme N at k% p.a.
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