BANK Bank of Baroda Apprentice Mock Test Series 2025 Quantitative Aptitude Interest Simple and Compound Both
If the difference between compound interest (CI) and simple interest (SI) on a sum of money ₹ 1600 for the period of 2 years is ₹64, find the rate of interest at which the amount was invested?
1
10%
2
8%
3
20%
4
22%
5
21%