Problem 2835. calculate interest saved because of reduction of interest rate

calculate interest saved because of a reduction of interest rate per year (Assuming No leap year)

Currently, in India, rate of interest for loan has been reduced by 0.25%.

Want to calculate saving per annum.

Assume: Interest is calculated on daily basic.

Solution Stats

85.29% Correct | 14.71% Incorrect
Last Solution submitted on Mar 16, 2024

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