A certain sum of money amounts to 23400 Rs in 3 years at 10 % per annum simple interest . Find the amount of the same sum in 2 years and at 10 % pa compound interest.
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A=P(1+r/100)
A=23400(1+10/100)3
A=23400(10+1/10)3
A=23400(11/10)3
A=23400×11/10×11/10×11/10
A=234×1331/10
311454/10
31145.4
31145.4―23400
7745.4
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