Question
If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?
Answer: Option A
- Sum = Rs. 50 x 100 = Rs. 500. 2 x 5
Amount = Rs. 500 x ( 1 + 5 ) 2 100
= Rs.
500 x
21 x
21 20 20
= Rs. 551.25
C.I. = Rs. (551.25 - 500) = Rs. 51.25
Was this answer helpful ?
- Sum = Rs. 50 x 100 = Rs. 500. 2 x 5
Amount = Rs. 500 x ( 1 + 5 ) 2 100
= Rs.
500 x
21 x
21 20 20
= Rs. 551.25
C.I. = Rs. (551.25 - 500) = Rs. 51.25
Was this answer helpful ?
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