At a certain rate per annum, the simple interest on a sum of money for – McqOptions

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1.	At a certain rate per annum, the simple interest on a sum of money for one year is Rs. 260 and the compound interest on the same sum for two years is Rs. 540.80. The rate of interest per annum is = ?
A.	4%
B.	6%
C.	8%
D.	10%
Answer» B. 6%

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