Question

4 Find the compound interest at the rate of
16% per annum for 2 years on a certain
sum of money, which gives 2400 simple
interest in 4 years at the rate of 6% per
annum.
​

Answer 1

Step-by-step explanation:

CI=p(1plus r/100) ka power n

2400(1plus22/100) ka power 2

2400(77/100 ka power 2

24 multiplied by 77 ka squre

154 ka square=23716