On a sum of money, the simple interest for 2 years is Rs. 660 while the compound interest for two years is Rs. 696.30, the rate of interest being the same. Find the rate of interest.

On a sum of money, the simple interest for 2 years is Rs. 660 while th

1.	On a sum of money, the simple interest for 2 years is Rs. 660 while the compound interest for two years is Rs. 696.30, the rate of interest being the same. Find the rate of interest.
A.	12.75%
B.	13%
C.	10%
D.	11%
Answer» E.

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On a sum of money, the simple interest for 2 years is Rs. 660 while the compound interest for two years is Rs. 696.30, the rate of interest being the same. Find the rate of interest.

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