the difference between the compound interest and the simple interest on a sum of rupees 15000 for 2 years is rupees 96 what is the rate of interest
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Step-by-step explanation:
Answer = 8%
Simple Interest Formula:- PNR/ 100
Compound Interest Formula:- P(1+R)^N/100
P- Principle, N- Tenure, R- Rate of Interest
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