Math, asked by sarvakshak3154, 10 months ago

The difference between the compound interest and the simple interest accrued on an amount of RS. 18000 in2 years was RS. 405. What was the rate of interest?

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Answered by sarnaavneetkaur

Step-by-step explanation:

The difference between the compound interest and the simple interest accrued on an amount of Rs. 18,000 in 2 years was Rs. 405. ... The difference between the compound interest (compounding annually) and simple interest on a sum at the rate of 12% per annum for 2 years is Rs 360.

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