Math MCQ: The difference between the compound interest (compounded annually) and the simple interest on a sum of 1000 at a certain rate of interest for 2 years is 10. The rate of interest per annum is ?

The difference between the compound interest (compounded annually) and the simple interest on a sum of 1000 at a certain rate of interest for 2 years is 10. The rate of interest per annum is ?

Correct Answer: 10%

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