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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┬а 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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