find the compound interest at 5%per annum for 3 years on that principal which gives simple interest of Rs. 2400 at the same rate and for same time.
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RS 2522
Step-by-step explanation:
SI
P=2400=PX5X3/100
=2400X100/5X3
=16000
CI
A=P{1+R/100}^T
=16000{1+5/100}^3
=16000X21/20X21/20X21/20
=18522
CI =A-P
=18522-16000
=2522
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