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:

Answer is 25

Step-by-step explanation:

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