The difference between C. I. and S. I. on an amount of ₹ 15,000 for 2 years is ₹ 96. What is the rate of interest per annum?
A. 8
B. 10
C. 12
D. Cannot be determined
Answer:A
The difference between C. I. and S. I. on an amount of ₹ 15,000 for 2 years is ₹ 96. What is the rate of interest per annum?
A. 8 B. 10 C. 12 D. Cannot be determined