Question

. What is the rate of interest, if there is a difference of 121.50 between the
simple interest and the compound interest on principal 15,000 for 2 years?
(1) 10% p.a.
(2) 9% p.a.
(3) 9.5% p.a.
(4) 10.5% p.a
Please explain the answer
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Answer 1

Answer:

10.5 this is right answer