1c:I[1254,["7330","static/chunks/d3ac728e-78c3d5d7a486ed3a.js","5159","static/chunks/5159-48592f0bf1a47f9d.js","8175","static/chunks/8175-f84d59b9bd013e10.js","8167","static/chunks/8167-b25693a0140130f2.js","664","static/chunks/664-bceb0f356f9312eb.js","3703","static/chunks/app/practice-question/%5Bslug%5D/page-d1408559b663b83f.js"],"PracticeQuestionCard"] 1b:T501,{"@context":"https://schema.org","@type":"QAPage","name":"The difference between compound interest and simple interest on an am…","url":"https://vidyalelo.com/practice-question/the-difference-between-compound-interest-and-simple-interest-on-an-amount-of-rs-15000-for-2-years-is-rs-96-what-is-the-rate-of-interest-per-annum-18390","keywords":"practice questions, MCQ, MCQs with answers, objective questions, competitive exam questions, Competitive Exams, Competitive Exams MCQ, Competitive Exams MCQs, Competitive Exams questions, Competitive Exams practice questions, Aptitude, Aptitude MCQ, Aptitude MCQs, Aptitude questions, Aptitude practice questions, Compound Interest","mainEntity":{"@type":"Question","name":"The difference between compound interest and simple interest on an am…","text":"The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Option A. 8. Answer & Solution Answer: Option A Solution: [ 15000 × ( 1 + R100 )^2 - 15000 ] - ( 15000 × R × 2100 ) = 96 15000 [ ( 1 + R100 )^2 - 1 - 2R100 ] = 96 15000 [ ( 100 + R )^2 - 10000 - ( 200 × R )10000 ] = 96 & R^2 = 96 × 23 = 64 & R = 8 & Rate = 8\\%"}}}1d:T41c,

Answer & Solution

Answer: Option A

Solution:

$$\left[ {15000 \times {{\left( {1 + \fra