A sum of money, simple interest for 2 years is Rs 660 and compound interest is Rs 696.30, the rate of interest being the same in both cases.

A sum of money, simple interest for 2 years is Rs 660 and compound int

1.	A sum of money, simple interest for 2 years is Rs 660 and compound interest is Rs 696.30, the rate of interest being the same in both cases.
A.	0.11
B.	0.08
C.	0.13
D.	0.09
Answer» B. 0.08

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A sum of money, simple interest for 2 years is Rs 660 and compound interest is Rs 696.30, the rate of interest being the same in both cases.

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