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 The compound interest on a certain sum for 2 years is Rs 82 and the simple interest is Rs 80. What is the rate of interest per annum ?

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 The compound interest on a certain sum for 2 years is Rs 82 and the simple interest is Rs 80. What is the rate of interest per annum ?

A). 2 %

B). 3 %

C). 4 %

D). 5 %


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5 %



First year's SI = 80/2 = Rs 40
CI - SI = 82 - 80 = Rs 2
Therefore, Rate = 2/40 x 100 = 5%

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