Question

On a certain principal if the simple interest for two years is Rs 2800 and compound interest for the two years is Rs 2996, what is the rate of Interest?

A) 14 percent B) 7 percent C) 28 percent D) 21 percent

Answer 1

Step-by-step explanation:

Given

• On a certain principal if the simple interest for two years is Rs 2800 and compound interest for the two years is Rs 2996

To Find

• , what is the rate of Interest?

Answer

• 21 percent

Answer 2

Answer:

21 percentage is your answer