Multiple choice

The simple interest earned on an investment scheme A at the end of 2 years was 50% more than the compound interest earned on another investment scheme B at the end of 2 years. If the same amount was invested in both the schemes, then the rate offered in scheme A was what percentage more than that offered in scheme B?

  1. 57.5%

  2. 61.5%

  3. 66.5%

  4. 71.5%

  5. Can't be determined
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A Correct answer

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