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%

B 8%

C 10%

D Can’t determined

E None of these

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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?

Solution

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