If the simple interest on a sum of money for 6 years at 12% per annum is Rs. 700, what is the compound interest on the same sum at the rate and for the same time? Select the correct option.
A) 746.77
B) 945.77
C) 946.77
D) 246.77
E) 926.77
Sum = (700 * 100) / (6 * 12) = Rs. 972.22   C.I. on Rs. Rs. 972.22 for 6 years at 12% = Rs. 1,918.99.   = Rs. 1,918.99 - 972.22 = Rs. 946.77   ANSWER:946.77
<result>C</result>
If the simple interest on a sum of money for 6 years at 12% per annum is Rs. 700, what is the compound interest on the same sum at the rate and for the same time?