Mathematics for FinancePYQ Nov 18Question 1184 of 422
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If compound interest on a sum for $2$ years at $4\%$ per annum is $P 102$, then the simple interest on the same sum for the same period at the same rate will be

Options

A$P 99$
B$P 101$
C$P 100$
D$P 95$
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Correct Answer

Option b$P 101$

All Options:

  • A$P 99$
  • B$P 101$
  • C$P 100$
  • D$P 95$

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