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