railway RRB NTPC Mock Test Series 2024-25 (CBT 1 + CBT 2) Quantitative Aptitude Interest Simple Interest
If the simple interest on a sum of money for two years at 5% per annum is Rs.50, then what is the compound interest when compounding annually at the same rate and for the same time?
1
Rs. 53.00
2
Rs. 50.50
3
Rs. 53.50
4
Rs. 51.25