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      Question

      The difference between compound interest and simple

      interest on a sum of RS 16,000 for two years is RS 160. Find  the per annum rate of interest.
      A 12% Correct Answer Incorrect Answer
      B 10% Correct Answer Incorrect Answer
      C 11% Correct Answer Incorrect Answer
      D 15% Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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