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The difference between compound interest...

The difference between compound interest (compounded annually) and simple interest on a sum of Rs. 1000 at a certain rate of interest for 2 years is Rs. 10. The rate of interest per annum is:

A

` 5%`

B

` 6% `

C

`10% `

D

`12%`

Text Solution

Verified by Experts

The correct Answer is:
C
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KIRAN PUBLICATION-COMPOUND INTEREST-QUESTIONS ASKED IN PREVIOUS SSC EXAMS TYPE-IV
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