The difference between compound interest and simple interest on an amount of Rs.

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The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?

Options:

A . 8

B . 10

C . 12

D . Cannot be determined

Answer: Option A
Answer: (a).8

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Question 7. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 m....both the loans. What was the original rate of interest?

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