If the compound interest on a certain sum for 2 years at 3% per annum – McqOptions

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1.	If the compound interest on a certain sum for 2 years at 3% per annum is 101.50, then the simple interest on the same sum at the same rate and for the same time will be
A.	90.00
B.	95.50
C.	100.00
D.	98.25
Answer» D. 98.25

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