on a sum of money , the simple interest for 2 years is rs . 660 , while the compound interest is rs . 696.30 , the rate of interest being the same in both the cases . the rate of interest is
"solution difference in c . i and s . i for 2 years = rs ( 696.30 - 660 ) = rs . 36.30 . s . i for one years = rs 330 . s . i on rs . 330 for 1 year = rs . 36.30 rate = ( 100 x 36.30 / 330 x 1 ) % = 11 % . answer b"
divide(multiply(const_100, subtract(subtract(696.30, divide(660, 2)), divide(660, 2))), divide(660, 2))