If the compound interest on a certainsum for 2 yearsat 4% p.a. is 7 102. the simple Interest at the same rate of interest for two years would be
1). Rs.200
2). Rs.50
3). Rs.150
4). Rs.100
This is the right answer
If the sum be P, then
C.I. = P{$1+\frac{R}{200}^{T}$}-1
102 = P{$1+\frac{4}{200}^{2}$}-1
102 = P {$\frac{676-625}{625}$}
P = $\frac{102\times625}{51}$ = 1250
S.I. = 100