PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2022

Practice Mode:
70.

The difference between the compound interest and simple interest for the amount Rs. 5,000 in 2 years is Rs. 32. The rate of interest is

A: 5%
B: 8%
C: 10%
D: 12%

The answer is: B

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