Question

The simple interest on Rs.P for 3 years at 15% per annum is Rs.900 more than the compound interest on Rs.(P – 2400) for 2 years at R% per annum. If the simple interest on Rs.P for 5 years at 10% per annum is Rs.2000, then find the value of R.

A 12
B 25
C 18
D 20
E None of these
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