The compound interest on a certain sum for 2 years is Rs. 756 and S.I. is Rs. 720. If the sum is investedsuch that the S.I. is Rs. 1296 and the number of years is equal to the rate per cent per annum, Find the rateof interest?

The compound interest on a certain sum for 2 years is Rs. 756 and S.I.

1.	The compound interest on a certain sum for 2 years is Rs. 756 and S.I. is Rs. 720. If the sum is investedsuch that the S.I. is Rs. 1296 and the number of years is equal to the rate per cent per annum, Find the rateof interest?
A.	0.05
B.	0.08
C.	0.07
D.	0.06
Answer» E.

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The compound interest on a certain sum for 2 years is Rs. 756 and S.I. is Rs. 720. If the sum is investedsuch that the S.I. is Rs. 1296 and the number of years is equal to the rate per cent per annum, Find the rateof interest?

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