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Q. 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 ?

  • (A) 5%
  • (B) 6%
  • (C) 10%
  • (D) 12%
  • Correct Answer - Option(C)
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