The correct option is D Rs.51.25 P = 50 × 100/2 × 5 =500 C.I. = 500 × (1+ 5/100)^2 500 = Rs. 51.25 ...

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Quantitative Aptitude

Simple Interest & Compound Interest

same time?

Question

The Simple Interest on a sum of money for 2 years at 5% per annum is Rs. 50, then what is the Compound Interest on the same at the same rate and for the same time?

Rs.51.25

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Rs.50

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Rs.51

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Rs.49

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Rs.49.25

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Solution

The correct option is A
Rs.51.25

$P = \frac{50 \times 100}{2 \times 5}$

$= 500$

$C . I . = 500 \times (1 + \frac{5}{100})^{2} - 500$

$= R s . 51.25$

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The Simple Interest on a sum of money for 2 years at 5% per annum is Rs. 50, then what is the Compound Interest on the same at the same rate and for the same time?

The correct option is A Rs.51.25 P=50×1002×5 =500 C.I.=500×(1+5100)2−500 =Rs.51.25

The correct option is A
Rs.51.25

$P = \frac{50 \times 100}{2 \times 5}$

$= 500$

$C . I . = 500 \times (1 + \frac{5}{100})^{2} - 500$

$= R s . 51.25$