Question

Q.3. If the simple interest on a sum of money for 2 years at 5%p.a. is Rs. 50, what will be the compound interest on same sum at same rate for same time.
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Answer 1

Answer:

51.25

Step-by-step explanation:

use simple interest formula to calculate principal then use comppound amt formula p(1+r/100)^2 and the same for principal amount to get interest