Question (13/66)
The difference between simple interest and compound interest compounded annually on a certain sum of money for 2 years at 4% per annum is USD 1. What is the sum ?(A) USD 625
(B) USD 630
(C) USD 640
(D) USD 650
Question (14/66)
The difference between compound interest and simple interest on an amount of USD 15,000 for 2 years and same rate of interest is USD 96. What is rate of interest per annum ?(A) 8%
(B) 9%
(C) 10%
(D) 11%