If the simple interest on a sum of money for 2 years at 5% per annum i – McqOptions

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1.	If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, the compound interest on the same at the same rate and for the same time is :
A.	Rs. 50.50
B.	Rs. 51.25
C.	Rs. 51.50
D.	Rs. 50.05
Answer» C. Rs. 51.50

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