At a certain rate per annum, Simple Interest on a sum of money for one year is Rs. 260 and Compound Interest on the same sum for 2 years is Rs. 540.80. The rate of interest per annum is?

Options are - a. 4% b. 6% c. 8% d.10% Could anyone be able to provide me with a simple trick to solve this question??? ....

Your Answer

So easy yr.... 540.80 - 260*2=20.80 is thé 8% of 260.

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