Mathematics · Simple and Compound Interest

The compound interest on a certain sum for 2 years is ₹882, whereas the simple interest on the same sum for 2 years is ₹840. Find the rate of interest per annum.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

112% p.a.
210% p.a.✓
38% p.a.
415% p.a.

Correct answer

10% p.a.

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The compound interest on a certain sum for 2 years is ₹882, whereas the simple interest on the same sum for 2 years is ₹840. Find the rate of interest per annum.

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The compound interest on a certain sum for 2 years is ₹882, whereas the simple interest on the same sum for 2 years is ₹840. Find the rate of interest per annum.

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