Question

(Q:7)
If the simple interest on a sum of money at 5% per annum for 3 years is 1,200, the compound
interest on the same sum for the same period at the same rate, is:
1,261
* 1,260
A.
51,264
C.
* 1,265
D.​

Answer 1

Answer:

1261

Step-by-step explanation:

first find principal by formula P=I*100/R*T

then find amount in CI and them find compound interest