The difference between compound interest and simple interest at the same rate on ₹ 5000 for 2 years is ₹ 72. The rate of interest per annum is:
A. 6 %
B. 8 %
C. 10 %
D. 12 %
Answer:D
The difference between compound interest and simple interest at the same rate on ₹ 5000 for 2 years is ₹ 72. The rate of interest per annum is:
A. 6 % B. 8 % C. 10 % D. 12 %