If the compound interest (compounded Yearly) on a certain sum for 2 years at 3%

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✪ Choose the correct option.

If the compound interest (compounded Yearly) on a certain sum for 2 years at 3% is Rs.101.50 then what will be the corresponding simple interest?

A. Rs.98.25
B. Rs.100.00
C. Rs.90.00
D. Rs.95.50

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