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The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. The rate of interest per annum is?

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The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. The rate of interest per annum is?
1). 6%
2). 7%
3). 8%
4). 9%

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1 answers

3 vote
Answered by on | Votes 3 |
Its tough but option 3 seems correct

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