A) 5%
B) 6%
C) 10%
D) 12%
Correct Answer: C
Solution :
When difference between the compound interest and simple interest on a certain sum of money for 2 years at r% rate is\[Rs.\,\,x\], then \[x=Sum{{\left( \frac{r}{100} \right)}^{2}}\] \[\Rightarrow \] \[10=1000{{\left( \frac{r}{100} \right)}^{2}}\] \[\Rightarrow \] \[{{\left( \frac{r}{100} \right)}^{2}}=\frac{10}{1000}\] \[\frac{r}{100}=\sqrt{\frac{1}{100}}=\frac{1}{10}\]You need to login to perform this action.
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