At a certain rate of interest per annum, the difference between the compound interest and simple interest on ₹ 3,00,000 for two years is ₹ 480, then…
CA Foundation · Quantitative Aptitude · PYQS · September 2024
At a certain rate of interest per annum, the difference between the compound interest and simple interest on ₹ 3,00,000 for two years is ₹ 480, then the rate of interest per annum is :
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 4%
Topics: Part-A: Business Mathematics
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