Question

The difference between the simple interest and the compound interest compounded annually at the same rate on a sum of money at the end of two years is Rs 554. What is the definite rate per cent per annum?

A 5% Correct Answer Incorrect Answer
B 8% Correct Answer Incorrect Answer
C 10% Correct Answer Incorrect Answer
D Can’t determined Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The correct answer is D

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