Mathematics · Compound Interest
Compound interest received on ₹ 'x' after 2 years at R% rate of interest compounded annually, is ₹ 1700 more than that received on ₹ (x - 4000) after 1 year at R% rate of interest compounded half-yearly. If the compound interest received on ₹ (x - 2000) at 20% rate after 2 years is ₹ 4400, then find the value of R.
- 15%
- 210%✓
- 312%
- 48%
Correct answer
10%
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