Raghuram took a loan from a bank for 2 years at a specified simple interest. After taking the
loan he realized that he did not need the money and lent it to his brother Ghanashyam at the same
rate of ineterst but compounded annually. At the end of two years, he received Rs. 145200 from
his brother and returned Rs. 144000 to the bank. What is the rate of interest.
a)10%
b)120
c)8%
d)15%
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