Mathematics · Interest
The compound interest on a certain sum for 2 years is Rs. 1,512 and simple interest is Rs. 1,440. If the sum is invested such that the simple interest obtained is Rs. 2,592 and the number of years is equal to the rate of interest per annum, then find the rate of interest.
- 15%
- 26%✓
- 37%
- 48%
Correct answer
6%
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