1.

The difference between the compound interest and the simple interest at the same rate on a certain amount at the end of two years is $ 12.50. What is the rate of interest? A. Simple interest for two years is $ 500. B. Compound interest for two years is $ 512.50. C. Amount on simple interest after two years becomes $ 5500.

A. A or B only
B. A or C only
C. C only
D. C and either A or B
E. Any two of (A), (B) and (C)
Answer» F.


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