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Difference between the compound interest and the simple interest accrued on an amount of Rs. 18000 in two years is Rs. 405. What was the rate of interest?a)14%b)16%c)12.5%d)15%e)15.5%Correct answer is option 'D'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Difference between the compound interest and the simple interest accrued on an amount of Rs. 18000 in two years is Rs. 405. What was the rate of interest?a)14%b)16%c)12.5%d)15%e)15.5%Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Difference between the compound interest and the simple interest accrued on an amount of Rs. 18000 in two years is Rs. 405. What was the rate of interest?a)14%b)16%c)12.5%d)15%e)15.5%Correct answer is option 'D'. Can you explain this answer?.

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