Mathematics · Compound Interest
The difference between compound interest (compounded annually) and simple interest on a certain sum at the same rate of interest for 2 years is 144% of the sum. Find the rate of interest per annum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 120%
- 2120%✓
- 3100%
- 415%
Correct answer
120%
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