Question

53. The simple interest and compound interest on
a certain sum for 2 years are *2400 and 2640,
respectively. The rates of interests (in % per annum)
for both are the same. The interest on the sum lent
at compound interest is compounded annually.
Find the rate of interest (in % per annum).
(a) 30
(b) 20
(c) 25
(d) 10​

Answer 1

Answer:

(c)25%..........................

Answer 2

Answer:

THE ANSWER C)

IS THE RIGHT ONE