A) Rs. 99
B) Rs. 101
C) Rs. 100
D) Rs. 98
Correct Answer: C
Solution :
Let principal be Rs. P \[\therefore \] According to question, \[102=P\left\{ {{\left( 1+\frac{r}{100} \right)}^{t}}-1 \right\}\] Where \[r=4%\] and \[t=2\,yr\] \[\therefore \] \[P=\frac{102}{{{\left( \begin{matrix} 26 \\ 25 \\ \end{matrix} \right)}^{2}}-1}=Rs.1250\] \[\therefore \] Simple Interest at rate of 4% for 2 yr \[=\frac{1250\times 4\times 2}{100}=Rs.100\] \[\therefore \] Required answer is Rs. 100You need to login to perform this action.
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