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

March 27, 2024

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a) 350

b) 367.5

c) 318.5

d) 333.5

Sol:

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

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