Question (23/66)
What will be the difference between simple interest and compound interest at 10% per annum on a sum of USD 1000 after 4 years ?(A) USD 35.50
(B) USD 48.25
(C) USD 55.00
(D) USD 64.10
Question (24/66)
If the simple interest on a sum of money for 2 years at 5% per annum is USD 50, what is compound interest on the same sum at the same rate and for the same period ?(A) USD 51.25
(B) USD 53.25
(C) USD 55.25
(D) USD 57.25