Math, asked by aayushbhardwaj2506, 9 months ago

the difference between the compound interest and the simple interest on a sum of rupees 15000 for 2 years is rupees 96 what is the rate of interest

Answers

Answered by bhabya55

2

Step-by-step explanation:

Answer = 8%

Simple Interest Formula:- PNR/ 100

Compound Interest Formula:- P(1+R)^N/100

P- Principle, N- Tenure, R- Rate of Interest

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