Question

find the compound interest at 5% for 3 years on that principal which give simple interest of 2400rs at the same rate for same this.​

Answer 1

Answer:

Let Principal be x

Given: SI = 2400

So, 2400 = P x 3 x 81/100

2400 = 3P/20

P = 2400 x 20 / 3

P = 16000

CI = A = P(1 + \frac{r}{n})^{nt}

= 16000 [(1 + 0.05)3 - 1]

= 16000 x 0.157625

Rs.2522

Answer 2

Answer:

rs 2522

is the correct answer of your question