Question

Jaunpur city black and white TV set on credit if the set cost rupees 2400 and the shopkeeper charged interest @ 20% per annum calculate the compound interest and Jon will have to pay after 3 years

Answer 1

P(1+R\100)^n

2400(1+20\100)^3= 20736\5

CI= 20736\5-2400= 12736\5= 2547.2