What is the rate of interest p.c.p.a.? (Bank P.O., 2005) I. The amount doubles itself on simple interest in 10 years. II. Compound interest on any amount in 2 years is more than the simple interest in 2 years by an amount equal to 1% of the principal amount.
Answer
SELF-PRACTICE — the source book printed no answer.
Nothing is invented here, so this question has no answer on record.