SSC SSC MTS & Havaldar Mock Test Series 2024 Quantitative Aptitude Interest Simple and Compound Both
The difference between the simple interest and the compound interest at the same rate for Rs. 32,000 for 2 years is Rs. 80. What is the rate of interest, if in the case of compound interest, interest is compounded annually?
1
8% per annum
2
2% per annum
3
5% per annum
4
12% per annum