The compound and the simple interests on a certain sum at the same rate of interest for two years are Rs.11730 and Rs.10200 respectively. Find the sum.
A. Rs.18000
B. Rs.17000
C. Rs.18500
D. Rs.17500
Compound Interest
Afnan wants to borrow Rs.6000 at rate of interest 6% p.a. at S.I and lend the same amount at C.I at same rate of interest for two years. What would be his income in the above transaction?
A. Rs.21.60
B. Rs.24.00
C. Rs.25.20
D. Rs.27.80