If the simple interest on a sum of money for 2 years at 5% per annum is Rs.50, what will be the compound interest on same values Choose the correct option: A) Rs.51.75 B) Rs 51.50 C) Rs 51.25 D) Rs 51 E) None of these
Explanation:   S.I.=P∗R∗T/100P   =50∗100/5∗2=500   Amount=500(1+5100)2   500(21/20∗21/20)=551.25   Rs 51.25.I.=551.25−500=51.25   Option Rs 51.25
<result>C</result>
If the simple interest on a sum of money for 2 years at 5% per annum is Rs.50, what will be the compound interest on same values