On a certain Principal if the Simple interest for two years is Rs 4800 and Compound interest for the two years is Rs 5088, what is the rate of Interest?

On a certain Principal if the Simple interest for two years is Rs 4800

1.	On a certain Principal if the Simple interest for two years is Rs 4800 and Compound interest for the two years is Rs 5088, what is the rate of Interest?
A.	6 percent
B.	24 percent
C.	12 percent
D.	18 percent
Answer» D. 18 percent