Mathematics
Medium
Question
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 rate and for the same time?
A
Rs. 51.25
✓ Official correct answer
B
Rs. 52
C
Rs. 54.25
D
Rs. 60
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A
Rs. 51.25
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B
Rs. 52
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C
Rs. 54.25
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D
Rs. 60
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