The difference between the compound interest (compounded annually) and simple interest, for two years on the same sum at the amo

The difference between the compound interest (compounded annually) and simple interest, for two years on the same sum at the amount rate of interest is Rs 370. Find the rate of interest if the simple interest on the amount at the same rate of interest for 1 year is Rs 3700.
A. 0.1
B. 0.12
C. 0.16
D. 0.15

The difference between the compound interest (compounded annually) and simple interest, for two years on the same sum at the amount rate of interest i

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