Mathematics for FinanceMTP May 18Question 1277 of 479
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The compound interest on a certain sum is 200\displaystyle 200 209\displaystyle 209 simple interest is 200\displaystyle 200 for 2\displaystyle 2 years. What is the rate per cent for 2\displaystyle 2 years?

Options

A9%\displaystyle 9\%
B18%\displaystyle 18\%
C4.5%\displaystyle 4.5\%
D10%\displaystyle 10\%
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Correct Answer

Option d10%\displaystyle 10\%

All Options:

  • A9%\displaystyle 9\%
  • B18%\displaystyle 18\%
  • C4.5%\displaystyle 4.5\%
  • D10%\displaystyle 10\%

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