"A person lent out a certain sum on simple interest and the same sum on compound interest at a
Channel: Doubtnut
Date: 05/04/2020

"A person lent out a certain sum on simple interest and the same sum on compound interest at a certain rate of interest per annum. He noticed that the ratio between the difference of compound interest and simple interest of 3 years and that of 2 years is 25:8. The rate of interest per annum is(a) 10% (b) 11% (c) 12% (d) `12 1/2%`"