The simple and compound interest that can be earned in two years at the same rate is Rs 1,000 and Rs 1,040 respectively. What is the rate (percent per annum) of interest? - Study24x7
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3608 followers study24x7 04 Sep 2020 12:31 PM study24x7 study24x7

The simple and compound interest that can be earned in two years at the same rate is Rs 1,000 and Rs 1,040 respectively. What is the rate (percent per annum) of interest?

A

9

B

10

C

8

D

11

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