find the compound interest at 5% for 3 years on that principal which give simple interest of 2400rs at the same rate for same time
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Step-by-step explanation:
According to the question,
Using the formula CI=P[1+
100
R
]
n
−P
CI=2400[1+(
100
5
)]
3
−2400
CI=2,778.3−2400
On solving we get CI=378.3
HOPE IT HELPS
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