Compound interest compounded quarterly on Rs. 15000 for 3 years is Rs. 986 more than Simple Interest on the same principal for 3 years. Find the rate of interest.

Compound interest compounded quarterly on Rs. 15000 for 3 years is Rs.

1.	Compound interest compounded quarterly on Rs. 15000 for 3 years is Rs. 986 more than Simple Interest on the same principal for 3 years. Find the rate of interest.
A.	14 percent
B.	12 percent
C.	10 percent
D.	8 percent
Answer» C. 10 percent

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Compound interest compounded quarterly on Rs. 15000 for 3 years is Rs. 986 more than Simple Interest on the same principal for 3 years. Find the rate of interest.

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