Question

The simple interest on a certain sum of money for two years at 5% is 6
What will be the compound interest on that sum at the same rate for the
time period?​

Answer 1

Answer:

49.35 Rs

Step-by-step explanation:

SI =

SI = prt÷100

6 = y × 2 × 5 ÷100

y = 60

y = principal

A = p(1+R/100)^n

A = 60 (105/100)^2

A = 109.35 Rs

CI = A-P

CI = 49.35 Rs

hope this helped :)

Answer 2

Step-by-step explanation:

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