On a certain sum of money the compound interest for 2 years is 282.1 – McqOptions

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1.	On a certain sum of money the compound interest for 2 years is 282.15 and the simple interest for the same period of time is 270. The rate of interest per annum is
A.	6.07%
B.	10%
C.	9%
D.	12.15%
Answer» D. 12.15%

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