state gov MP Police Constable Mock Test 2023 Quantitative Aptitude Interest Simple and Compound Both
On a sum of money, when invested for 2 years, compound interest and simple interest are ₹300 and ₹250, respectively. For both simple and compound interests the rate of interest per annum is the same, and for compound interest, interest is compounded annually. Find the rate of interest per annum.
1
10%
2
20%
3
40%
4
30%