The difference between the compound interest and simple interest on an amount of Rs 15000 for two ye......

The difference between the compound interest and simple interest on an amount of Rs.15000 for two years is Rs.96. what is the rate of interest per annum

[15000 *(1+r/100)²-15000]-(15000*r*2)/100=96

r=8

Hence, option 2 is the correct answer.

By: Amit Kumar