If the compound interest on a sum of money for 3 years at the rate of 5% per ann

Question

If the compound interest on a sum of money for 3 years at the rate of 5% per annum is Rs. 252.20, the simple interest on the same sum at the same rate and for the same time is ?

Options:

A . Rs. 220

B . Rs. 240

C . Rs. 245

D . Rs. 250

Answer: Option B

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