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Q. Compound interest (compounded annually) on a certain sum of money for 2 yr at 4% per annum is Rs. 102. The simple interest on the same sum for the same rate and for the same period will be

  • (A) 99 rs
  • (B) 98 rs
  • (C) 100 rs
  • (D) 101 rs
  • Correct Answer - Option(D)
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