On a certain principal if the simple interest for two years is Rs 2800 – McqOptions

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1.	On a certain principal if the simple interest for two years is Rs 2800 and compound interest for the two years is Rs 2996, what is the rate of Interest?
A.	14 percent
B.	7 percent
C.	28 percent
D.	21 percent
Answer» B. 7 percent

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