Question

11. Simple interest on a sum of money for 3 years at 25/4% per annum is * 2,400. What will be the compound
interest on that sum at the same rate for the same period?
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Answer 1

Step-by-step explanation:

Principal=₹2400

Rate of interest= {24}^{4}%

Time=3 years

S.I={P×R×T}^{100}

S.I={2400×25×3}^{4×100}

= {180000}^{400}

= ₹450

Amount= S.I +Principal

= 450+2400

= ₹2850

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