If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 56, what is the compound interest on the same sum at the rate and for the same time?
Choose the correct choice:
A) s. 57.40
B) s. 57.22
C) s. 51.219
D) s. 56.18
E) s. 53.11
Explanation:   Sum = (56 * 100) / (2 * 5) = Rs. 560   Amount = [560 * (1 + 5/100)2] = Rs. 617.4   C.I. = (617.4- 560) = Rs. 57.4.   s. 57.40nswer:s. 57.40
<result>A</result>
If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 56, what is the compound interest on the same sum at the rate and for the same time?