Mathematics for FinancePYQ Dec 22Question 1241 of 479
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The difference between compound interest and simple interest on an amount of 15,000\displaystyle 15,000 for 2\displaystyle 2 years is 96\displaystyle 96. What is the rate of interest p.a.?

Options

A9%\displaystyle 9\%
B8%\displaystyle 8\%
C10%\displaystyle 10\%
D11%\displaystyle 11\%
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Correct Answer

Option b8%\displaystyle 8\%

All Options:

  • A9%\displaystyle 9\%
  • B8%\displaystyle 8\%
  • C10%\displaystyle 10\%
  • D11%\displaystyle 11\%

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