On a certain sum of money the compound interest for 2 years is Rs. 282.15 and th

Question

On a certain sum of money the compound interest for 2 years is Rs. 282.15 and the simple interest for the same period of time is Rs. 270. The rate of interest per annum is = ?

Options:

A . 6.07%

B . 10%

C . 9%

D . 12.15%

Answer: Option C

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