1)

The compound interest on a certain sum of money at 5% for 2 years is Rs. 328. The simple interest on that sum at the same rate and for the same period of time will be


A) Rs. 320

B) Rs. 322

C) Rs. 325

D) Rs. 326

E) Rs. 321

Answer:

Option A

Explanation:

C.I =p[(1+R100)T1]

p[(1+5100)21]

328 =p(4414001)

328 =p(41100)

p =328×40041 =3200

SI =PRT100 =3200×5×2100 = Rs. 320.