The simple interest on a certain sum of money for two years at 5% is 6

1.	The simple interest on a certain sum of money for two years at 5% is 6What will be the compound interest on that sum at the same rate for thetime period?
Answer» Answer: 49.35 Rs Step-by-step explanation: SI = SI = prt÷100 6 = y × 2 × 5 ÷100 y = 60 y = principal A = p(1+R/100)^N A = 60 (105/100)^2 A = 109.35 Rs CI = A-P CI = 49.35 Rs hope this HELPED :)

The simple interest on a certain sum of money for two years at 5% is 6What will be the compound interest on that sum at the same rate for thetime period?

Answer»

Answer:

49.35 Rs

Step-by-step explanation:

SI =

SI = prt÷100

6 = y × 2 × 5 ÷100

y = 60

y = principal

A = p(1+R/100)^N

A = 60 (105/100)^2

A = 109.35 Rs

CI = A-P

CI = 49.35 Rs

hope this HELPED :)

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The simple interest on a certain sum of money for two years at 5% is 6What will be the compound interest on that sum at the same rate for thetime period?​

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The simple interest on a certain sum of money for two years at 5% is 6What will be the compound interest on that sum at the same rate for thetime period?