![If compound interest on a sum for two years at 16 2/3% p.a. is Rs. 318.5, the simple interest (in Rs.) on the same sum at the same rate for years of time is](https://www.gkseries.com/blog/wp-content/uploads/2024/03/If-compound-interest-on-a-sum-for-two-years-at-16-2-3-p.a.-is-Rs.-318.5-the-simple-interest-in-Rs.-on-the-same-sum-at-the-same-rate-for-years-of-time-is.jpg)
If compound interest on a sum for two years at 16 2/3% p.a. is Rs. 318.5, the simple interest (in Rs.) on the same sum at the same rate for years of time is
a) 350
b) 367.5
c) 318.5
d) 333.5
Sol:
![](https://www.gkseries.com/blog/wp-content/uploads/2024/03/image-281-836x1024.png)
If compound interest on a sum for two years at 16 2/3% p.a. is Rs. 318.5, the simple interest (in Rs.) on the same sum at the same rate for years of time is
a) 350
b) 367.5
c) 318.5
d) 333.5
Sol:
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