App Logo

No.1 PSC Learning App

1M+ Downloads
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 same rate and for the same time?

A47.5

B51.25

C52.5

D61

Answer:

B. 51.25


Related Questions:

The simple interest on a certain sum of money invested at a certain rate for 2 years amounts to Rs. 1200. The compound interest on the same sum of money invested at the same rate of interest for 2 years amounts to Rs. 1290. What was the principal?
An amount of ₹50,000 would become ₹_______ at 20% per annum compound interest, compounded annually, in 4 years.
The amount obtained on a certain sum at compound interest (compounded annually) after 2 years and 3 years is Rs.11520 and Rs.13824 respectively. What is that amount?
Calculate the compound interest on ₹72,000 at the rate of 9% per annum for 18 months when interest is compounded half yearly (rounded off up to the nearest ₹).
Find the compound interest on Rs.1500 for 2years at the rate of 5%per annum compounded annually ?