Sudha borrowed a sum of money from bank. If the simple interest on that sum for 2 years at 5% per annum is Rs. 40, what is the compound interest on the same at the same rate and for the same time?
1
Rs 41
2
Rs 40
3
Rs 84
4
Rs 46
5
None of these
Sudha borrowed a sum of money from bank. If the simple interest on that sum for 2 years at 5% per annum is Rs. 40, what is the compound interest on the same at the same rate and for the same time?