Compound interest (compounded annually) on a certain sum of money for 2 years 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: - Study24x7
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Compound interest (compounded annually) on a certain sum of money for 2 years 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

Rs. 99

B

Rs. 101

C

Rs. 100

D

Rs. 98

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