If the simple interest on a sum of money for 2 yrs at 5%per annum is RS 50,what will be the compound interest on the same sun at the same rate for the same time
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Answer:
Step-by-step explanation:
Sum = Rs.50 x 100 = Rs. 500.
2 x 5Amount = Rs.500 x1 + 52100
= Rs. 500 x 21 x 21
20 20
= Rs. 551.25
C.I. = Rs. (551.25 - 500) = Rs. 51.25
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