Mathematics for FinancePYQ Sep 24Question 1268 of 422
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At a certain rate of interest per annum, the difference between the compound interest and simple interest on $3,00,000$ for two years is $2,400$, then the rate of interest per annum is:

Options

A$4\%$
B$2\%$
C$6\%$
D$8\%$
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Correct Answer

Option a$4\%$

All Options:

  • A$4\%$
  • B$2\%$
  • C$6\%$
  • D$8\%$

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