Question

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?

A) Rs.51.25 B) Rs.52 C) Rs.53 D) Rs.54

Answer 1

Answer:

option A is the right answer

Answer 2

Answer:

Option:A

Sum =Rs.(50 x 100/2x5)

= Rs. 500.

Amount

=[Rs.500x(1+5/100)²]

=Rs(500x21/20x21/20).

=Rs. 551.25

C.I

= Rs. (551.25 - 500)

= Rs. 51.25

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