if the simple interest on a sum of money for 2 years at 5% per annum is rupees 50 what will be the compound interest on the same sum at the same rate for the same time without using the compound interest formula calculate
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Step-by-step explanation:
let the sum be x
then,
SI= p× r×t/100
50=x×5×2/100
50=10x/100
50×100/10=x
500=x
hence
the sum is 500
Ci = 500×5×1/100
25
amount = 525
then again
CI = 525×5×1/100
Ci =
find the ci and you will get your answer
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