Question

3. If the compound interest on a sum of money for 3
years at the rate of 5% per annum as Rs 252.20,
the simple interest on the same sum at the same
rate and for the same time in?​

Answer 1

₹ 240.3 is the Simple interest.

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Answer 2

Step-by-step explanation:

C. I

successive rate of 5% for 3yrs= 15.7625%

15.7625% = 252.20

1% = 252.20 / 15.7625

= 16

S. I for 3 yrs at the rate 5% = 15%

15% = 15 × 16 = 240 (answer)