The compound interest on a certain sum of money at a certain rate for 2 years is Rs. 40.80 and the simple interest on the same sum is Rs. 40 at the same rate and for the same time. The rate of interest is = ?

Asked Sep 07, 2023 Modified Sep 07, 2023 Viewed 0 times
0
asked Sep 07, 2023 at 09:12
1 Answer
0
4% per annum
answered Sep 07, 2023 at 09:12

Your Answer