The compound interest on a certain sum for 2 years is Rs 412 and the simple interest is Rs 400. What is the rate of interest per annum ?

The compound interest on a certain sum for 2 years is Rs 412 and th

1.	The compound interest on a certain sum for 2 years is Rs 412 and the simple interest is Rs 400. What is the rate of interest per annum ?
A.	4%
B.	5%
C.	6%
D.	7%
Answer» D. 7%

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The compound interest on a certain sum for 2 years is Rs 412 and the simple interest is Rs 400. What is the rate of interest per annum ?

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