Compound interest on a certain sum for 2 years at the rate of 11% per annum is Rs. 1160.5. What will be the simple interest (in Rs) for the same amount at the same rate of interest for 2 years?

Compound interest on a certain sum for 2 years at the rate of 11% per

1.	Compound interest on a certain sum for 2 years at the rate of 11% per annum is Rs. 1160.5. What will be the simple interest (in Rs) for the same amount at the same rate of interest for 2 years?
A.	9000
B.	1000
C.	1100
D.	1050
Answer» D. 1050

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Compound interest on a certain sum for 2 years at the rate of 11% per annum is Rs. 1160.5. What will be the simple interest (in Rs) for the same amount at the same rate of interest for 2 years?

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