The difference between the compound interest compounded annually and the 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:

🎲 Try a Random Question  |  Total Questions in Quiz: 115  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
Compound Interest — practice the complete quiz, review flashcards, or try a random question.


The difference between the compound interest compounded annually and the 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: