Mr. Raju lent out a certain sum on simple interest and the same sum on compound interest at a certain rate
of interest per annum. If the ratio between the difference of compound interest and simple interest of 2
years and that of 3 years is 10:31, what is the rate of interest per annum?
7.5%
10
15%
12.5%
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Answer:
I
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Step-by-step explanation:
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