If the difference between compound interest and simple interest on a certain sum of Rs. 7500 for 2 years is Rs. 48. What is the rate of interest per annum?
1
8%
2
10%
3
11%
4
12%
If the difference between compound interest and simple interest on a certain sum of Rs. 7500 for 2 years is Rs. 48. What is the rate of interest per annum?