Mathematics · Compound Interest
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 same rate and for the same time period?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹60
- 2₹54.25
- 3₹52
- 4₹51.25✓
Correct answer
₹51.25
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