At the end of 2 years difference between simple and compound interest is Rs. 2166. If the principal is Rs. 60000, then what is the rate of interest?
A.38%
B.18%
C.19%
D.17%
Answer:C
At the end of 2 years difference between simple and compound interest is Rs. 2166. If the principal is Rs. 60000, then what is the rate of interest?
A.38% B.18% C.19% D.17%