If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50,what will be the compound interest on the same sum at the same rate for the same time
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Answered by
1
Given
S.I=50 Rs.
Rate of interest=5 %
Time =2 years
Let the sum=P Rs
S.I.=P X R X T / 100
P=50 X 100 ? 5 X 2
P =500
Amount=Rs.[500×(1+5100)2]
=Rs.(500×2120×2120)
=Rs.551.25
C.I.=Rs.(551.25−500)=Rs.51.25
Answered by
3
Given
S.I=50 Rs.
Rate of interest=5 %
Time =2 years
Let the sum=P Rs
S.I.=P X R X T / 100
P=50 X 100 ? 5 X 2
P =500
Amount=Rs.[500×(1+5100)2]
=Rs.(500×2120×2120)
=Rs.551.25
C.I.=Rs.(551.25−500)=Rs.51.25
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