Simple interest on a certain sum at 7% per annum for 4 years is Rs. 2415. What will be the compound interest on the same principal at 4% per annum in 2 years

Options

A. A. 703.80
B. B. . 914
C. C. 893
D. D. 854

Explanation

To solve the problem step by step, we will first find the principal amount using the simple interest formula, and then we will calculate the compound interest using the compound interest formula.

### Step 1: Find the Principal Amount
We know the simple interest (SI) formula:
\[ \text{SI} = \frac{\text{Principal} \times \text{Rate} \times \text{Time}}{100} \]
Given:
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