If the compound interest (compounded Yearly) on a certain sum for 2 years at 3% is Rs.101.50 then what will be the corresponding simple interest?  Select
A) Rs.98.25  B) Rs.101.00  C) Rs.90.00  D) Rs.95.50  E) Rs.75.50
simple interest=50+50   compound interest=50+(50+50*0.3)=101.50   ANSWER:Rs.101.00
<result>B</result>
If the compound interest (compounded Yearly) on a certain sum for 2 years at 3% is Rs.101.50 then what will be the corresponding simple interest?