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