The difference between simple interest and C.I. at the same rate for Rs.5000 fo

Question

The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is?

Options:

A . 10%

B . 12%

C . 6%

D . 8%

Answer: Option B

5000 = 72(100/R)²

5 R² = 720 => R = 12

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