If the simple interest on a sum of money for | vedclass

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Question

$	ext { S.I. } =P 	imes 2 	imes \frac{5}{100}=50$

$P =₹ 500$

$	ext { C.I. } =P\left[\left(1+\frac{5}{100}ight)^{2}-1ight]=500 	imes\lef

Vedclass · Accepted Answer

$51.25$

Vedclass · Answer

$	ext { S.I. } =P 	imes 2 	imes \frac{5}{100}=50$

$P =₹ 500$

$	ext { C.I. } =P\left[\left(1+\frac{5}{100}ight)^{2}-1ight]=500 	imes\left[\left(\frac{21}{20}ight)^{2}-1ight]$

$=500 	imes \frac{\left(21^{2}-20^{2}ight)}{20^{2}}$

$=\frac{500 	imes 41 	imes 1}{400}=\frac{205}{4}=₹ 51.25$

If the simple interest on a sum of money for $2$ years at $5 \%$ per annum is ₹ $50,$ what is the compound interest (In ₹) on the same sume at the same rate and for the same time?

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