Q. certain sum earns simple interest of Rs. 800 in 2 years at a certain rate of interest. If the samesum earns compound interest of Rs. 845 in the same period of 2 years, What must be the rate ofinterest? (Solved)
1. 5% p.
2. 7.5% p.a.
3. 10% p.a.
4. 12.5% p.a.
- a. 5% p.a.