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