Question

If the compound interest (compounded yearly) on a certain sum for 2 years at 3% is rs.101.50 then what will be the corresponding simple interest? (a) rs.98.25 (b) rs.100.00 (c) rs.90.00 (d) rs.95.50

Answer 1

if the compound interest (compounded yearly) on a certain sum for 2 years at 3% is rs.101.50 then what will be the corresponding simple interest? (a) rs.98.25 (b) rs.100.00 (c) rs.90.00 (d) rs.95.50
it ll be rs. 95.50