Mathematics · Compound Interest
If the difference between the compound interest and simple interest on a sum of ₹2,80,000 invested for 2 years is ₹4,032, what is the annual rate of interest?
- 114%
- 212%✓
- 35%
- 416%
Correct answer
12%
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Want more practice questions on Compound Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Compound Interest