The difference between C.I. and S.I. on an amount of Rs. 15,000 for 2 years is Rs. 24. What is the rate of interest per annum?
Choose the correct choice from the following answers.
A) 8	B) 2	C) 9	D) 4	E) 6
Explanation:   [15000 * (1 + R/100)2 - 15000] - (15000 * R * 2)/100 = 104   15000[(1 + R/100)2 - 1 - 2R/100] = 24   15000[(100 + R)2 - 10000 - 200R]/10000 = 24   R2 = (24 * 2)/3= 
<gadget id="calculator">(24 * 2)/3</gadget>
<output>16</output>
16=&gt; R = 4   Rate = 4%   Answer: Option 4
<result>D</result>
The difference between C.I. and S.I. on an amount of Rs. 15,000 for 2 years is Rs. 24. What is the rate of interest per annum?