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The difference between CI and SI on an a...

The difference between CI and SI on an amount of Rs. 15625 for 2 years is Rs. 625. What is the rate of interest per annum?

A

0.12

B

0.15

C

0.16

D

0.2

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Knowledge Check

  • The difference between the compound interest and simple interest on Rs. 10,000 for 2 years is Rs.25. The rate of interest per annum is

    A
    0.05
    B
    0.07
    C
    0.04
    D
    0.12

  • If the difference between CI and SI on a certain sum at 4% per annum for 2 years is Rs. 25, find the sum.

    A
    Rs. 18625
    B
    Rs. 16625
    C
    Rs. 14625
    D
    Rs. 15625

  • The difference between CI and SI on Rs.8000 for 2yr is Rs.20. Find the rate of interest.

    A
    0.05
    B
    0.04
    C
    0.02
    D
    0.03

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