The difference between the amount of compound interest and simple interest accrued on an amount of Rs. 26000 at the end

Ask a Question


Question Asked by a Student from EXXAMM.com Team


Q 2444112953.     The difference between the amount of compound interest and simple interest accrued on an amount of Rs. 26000 at the end of 3 yr is Rs. 2994.134. What is the rate of interest p.c.p.a.?
IPPB-PO 2017 Mains 2401
A

22

B

17

C

19

D

Cannot be determined

E

None of these

HINT


Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

Find instant solution to any question from our database of 1.5 Lakh + Questions

 


Access free resources including

  • 100% free video lectures with detailed notes and examples
  • Previous Year Papers
  • Mock Tests
  • Practices question categorized in topics and 4 levels with detailed solutions
  • Syllabus & Pattern Analysis

Engineering


Medical


Banking


DEFENCE


SSC


RRB


CBSE-NCERT


OLYMPIAD