πŸ“Š Business Mathematics
Q. certain sum earns simple interest of Rs. 800 in 2 years at a certain rate of interest. If the same
sum earns compound interest of Rs. 845 in the same period of 2 years, What must be the rate of
interest?
  • (A) 5% p.a.
  • (B) 7.5% p.a.
  • (C) 10% p.a.
  • (D) 12.5% p.a.
πŸ’¬ Discuss
βœ… Correct Answer: (A) 5% p.a.

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