On a certain sum of money, the Compound Interest for 2 years is Rs. 309 and the Simple Interest is Rs. 300. Find the rate of interest per annum.

On a certain sum of money, the Compound Interest for 2 years is Rs. 30

1.	On a certain sum of money, the Compound Interest for 2 years is Rs. 309 and the Simple Interest is Rs. 300. Find the rate of interest per annum.
A.	7%
B.	9%
C.	6%
D.	8%
Answer» D. 8%

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On a certain sum of money, the Compound Interest for 2 years is Rs. 309 and the Simple Interest is Rs. 300. Find the rate of interest per annum.

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