Question

find the compound interest at 5% p.a . for 3years on the principal . which gives simple interest of rupees 2400 at the same time rate and for the same time​

Answer 1

Answer:

18522 ;interest=2522.

Step-by-step explanation:

PRT/100 =

p =y

R=5/100

t=3

y ×5×3/100. =2400

so y= 16000.

now compound interest of 16000.

so 1st year = 16800

2nd year=17640

3rd year=18522.

18522-16000=2522.

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