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

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Difference in C.I and S.I for 2 years = Rs(696.30-660) =Rs. 36.30. S.I for one years = Rs330. S.I on Rs.330 for 1 year =Rs. 36.30 Rate

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

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