Mathematics · Compound Interest
The difference between the compound interest (compounded annually) and simple interest on a sum of ₹12,000 for 2 years is ₹216. Find the annual rate of interest.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 115.42%
- 217.42%
- 312.42%
- 413.42%✓
Correct answer
13.42%
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