If the simple interest on a sum of money for 2 years at 5 % per annum is ₹ 50, what is the compound interest on the same sum at the rate and for the same time?
A. ₹ 51.25
B. ₹ 52
C. ₹ 54.25
D. ₹ 60
Answer:A
If the simple interest on a sum of money for 2 years at 5 % per annum is ₹ 50, what is the compound interest on the same sum at the rate and for the same time?
A. ₹ 51.25 B. ₹ 52 C. ₹ 54.25 D. ₹ 60