Mathematics · Interest
The simple interest earned on a sum invested at 32% p.a. for 5 years is Rs. 2400. When the same initial sum is invested at (R + 12)% p.a. compound interest compounded annually, it amounts to Rs. 2535 at the end of two years. Find the value of R.
- 115
- 226
- 322
- 418✓
Correct answer
18
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