Mathematics
Medium
Question
The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?
A
8
✓ Official correct answer
B
10
C
12
D
Cannot be determined
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A
8
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B
10
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C
12
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D
Cannot be determined
No member explanations yet for this option.