Find the compound Interest at 5% per annum for 3 years on the principal which gives simple Interest of Rs 2400 at the same rate and for the same time.
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Answered by
16
Principal 2400
Rate 5%
Time 3 years
Si p*r*t\100
2400*5*3/100=360
Rate 5%
Time 3 years
Si p*r*t\100
2400*5*3/100=360
Answered by
18
P=2400
R=5℅
T=3years
A=P(1+R\100)
A=2400(1+5\100)
A=2400(1+1\20)
A=2400(21\20)
A=2400×21\20×21\20
A= 2646
CI= A-P
CI= 2646-2400
CI= 246
R=5℅
T=3years
A=P(1+R\100)
A=2400(1+5\100)
A=2400(1+1\20)
A=2400(21\20)
A=2400×21\20×21\20
A= 2646
CI= A-P
CI= 2646-2400
CI= 246
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