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 sum at the rate and for the same time?	Select the correct option: A) 51.25 B) 51.29 C) 51.22 D) 51.24 E) 51.21
Sum = (50 * 100) / (2 * 5) = Rs. 500   Amount = [500 * (1 + 5/100)2] = Rs. 551.25   C.I. = (551.25 - 500) = Rs. 51.25.51.25nswer:51.25
<result>A</result>
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 sum at the rate and for the same time?