state gov Rajasthan Gram Vikas Adhikari (VDO) Mock Test 2021 Quantitative Aptitude Interest Simple and Compound Both
Compound interest on a certain sum of money for 2 years at a rate of 'r' per cent per annum (compounding annually) is Rs. 8385. Simple interest on the same sum at the same rate for 2 years is Rs 7800. What is the value of r?
1
15 percent
2
12 percent
3
18 percent
4
16 percent