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The compound Interest on a cer tain sum ...

The compound Interest on a cer tain sum for 2 years at the rate of `5% `per annum compounded annually is `Rs. 205`. What is the simple interest in the same case?

A

Rs. 250

B

Rs. 220

C

Rs. 200

D

Rs. 210

Text Solution

Verified by Experts

The correct Answer is:
C
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