On a certain sum of money the compound interest for 2 years is Rs. 282.15 and the simple interest for the same period of time is Rs. 270. The rate of interest per annum is = ?

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Q. On a certain sum of money the compound interest for 2 years is Rs. 282.15 and the simple interest for the same period of time is Rs. 270. The rate of interest per annum is = ?

(A) 6.07%

(B) 10%

(D) 12.15%

Correct Answer - Option(C)

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