A man invested Rs. 1600 on compound interest for 2 years at the rate of R% per annum and received Rs. 2304 as the amount. If he invests the same sum a...
Question
A man invested Rs. 1600 on compound interest for 2 years at the rate of R% per annum and received Rs. 2304 as the amount. If he invests the same sum at simple interest for the same period at the rate of (R − 8)% per annum, what will be the simple interest he earns?