The compound interest on a certain sum at 4% per annum (compounded ann – McqOptions

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1.	The compound interest on a certain sum at 4% per annum (compounded annually) for 2 years is ₹ 102. On the same principal at the same rate for the same time, the simple interest will be:
A.	₹100
B.	₹99
C.	₹98
D.	₹101
Answer» B. ₹99

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