Multiple Choice Questions on The difference between the compound interest and simple interest on an amount of Rs 15000 for two ye........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

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

Quantitative Aptitude ( CCS) Compound Interest
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    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

    6

    Incorrect Answer

    8

    Correct Answer

    10

    Incorrect Answer

    12

    Incorrect Answer
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    Explanation:

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

    r=8

    Hence, option 2 is the correct answer.

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