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Q:

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:   B) Rs. 51.25



Explanation:
Subject: Quantitative Aptitude - Arithmetic Ability
Exam Prep: Bank Exams
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A certain amount invested at a certain rate, compounded annually, grows to an amountin five years, which is a factor of 1.191016 more than to whatit would have grown in two years. Whatis the rate percentage?

 

A) 6 B) 4
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Answer & Explanation Answer: A) 6

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The given Bar Graph presents the Imports and Exports of an item (in tonnes) manufactured by a company for the five financial years, 2013-2014 to 2017-2018.

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