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Mr Hira finds that the difference between compound interest and simple interest on Rs. 15,000 given for 2 years is Rs. 96. What is the rate of interest per annum paid by him?

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Mr Hira finds that the difference between compound interest and simple interest on Rs. 15,000 given for 2 years is Rs. 96. What is the rate of interest per annum paid by him?






 
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