The simple interest on a sum in 2 years is Rs. 96 and the compound interest on the same sum for the sametime is Rs. 99. Find the sum and the rate.
Choose the correct option:
A) 3.25%	B) 5.25%	C) 6.25%	D) 4.25%	E) 7.25%
P(r/100)^2 =3, ie) pr^2 =30000 S.I =P*2*R/100=96 ie) pr =4800 pr^2/pr =30000/4800= 
<gadget id="calculator">30000/4800</gadget>
<output>25/4 = around 6.25</output>
6.25% Answer : 6.25%
<result>C</result>
The simple interest on a sum in 2 years is Rs. 96 and the compound interest on the same sum for the sametime is Rs. 99. Find the sum and the rate.