Mathematics
NULL
Medium
Question
If SI on a sum for 2 years at 5% p.a. is Rs.50, what is the CI on the same sum at the same rate and time?
A
Rs. 51.25
✓ Official correct answer
B
Rs. 52
C
Rs. 54.25
D
Rs. 60
Community credibility
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A
Rs. 51.25
No member explanations yet for this option.
B
Rs. 52
No member explanations yet for this option.
C
Rs. 54.25
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D
Rs. 60
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Explanation
P = 500. CI = 500 × ((1.05)² − 1) = Rs.51.25.