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Question:
The difference between the compound interest and simple interest for the amount Rs 5000/- in 2 years is Rs. 32. Then the rate of interest per annum is:
The difference between the compound interest and simple interest for the amount Rs 5000/- in 2 years is Rs. 32. Then the rate of interest per annum is:
Updated On: Aug 29, 2024
- 5%
- 8%
- 10%
- 12%
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The Correct Option is B
Solution and Explanation
The Correct Option is (B): 8%
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