Question

Find the rate of simple interest at which Rs. 10000 should be invested for 2 years so that the interest earned will be same as the interest received when the same amount is invested at 30% at compound interest compounded annually for same time period.

A 34.5%
B 30.5%
C 37.5%
D 38.5%
E None of these
Practice Next

More Simple and compound interest Questions

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)