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?
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?
- A
$51.25$
- B
$52$
- C
$54.25$
- D
$60$
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