Math MCQ: At a certain rate per annum, the simple interest on a sum of money for one year is 260 and the compound interest on the same sum for two years is 540.80. The rate of interest per annum is ?

At a certain rate per annum, the simple interest on a sum of money for one year is 260 and the compound interest on the same sum for two years is 540.80. The rate of interest per annum is ?

Correct Answer: 8%

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WhatsApp+91 99922 70404Math MCQ: At a certain rate per annum, the simple interest on a sum of money for one year is 260 and the compound interest on the same sum for two years is 540.80. The rate of interest per annum is ? | Extra Education