A: Simple interest on Rs.5000 for 2 years = Rs.5072. The difference between simple interest and C.I. at the same rate is Rs.72. The rate of interest is = 5072 - Rs.72 = Rs.12 The answer is (B).
Answer the following multiple choice question with options (a), (b), (c), (d), (e) by reasoning step-by-step.
Q:The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is? Answer Choices: A)11 B)12 C)77 D)85 E)65