MCQOPTIONS
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| 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. | |