Question

what is the rate of intrest, if the there is a difference of rupees 121.50 between the simple intrest and the compound intrest on principal rupees 15000 for 2 years?

1. 10%
2. 9%
3. 9.5%
4. 10.5 %​

Answer 1

Answer:

4 is the correct! !!!!!!

Answer 2

9% CI is always greater than SI (CI-SI)

apply 9% to CI formula and SI formula.