Mathematics · Simple and Compound Interest

The difference between the compound interest (compounded annually) and simple interest on Rs. x at 12% per annum for 2 years is Rs. 43.20. What is the value of x?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 2,500
2Rs. 3,000✓
3Rs. 2,800
4Rs. 2,400

Correct answer

Rs. 3,000

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The difference between the compound interest (compounded annually) and simple interest on Rs. x at 12% per annum for 2 years is Rs. 43.20. What is the value of x?

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The difference between the compound interest (compounded annually) and simple interest on Rs. x at 12% per annum for 2 years is Rs. 43.20. What is the value of x?

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