Question

simple interest on a sum of money for 3 years at 8 percent per annum is rs 2400 .what will be the compound interest on that sum at the same rate and the same period​

Answer 1

Answer:

The ratio of compound interests for 3 and 2 years at the same principle and same rate of interest is 273:152 . Find the rate of interest..

Step-by-step explanation:

simple interest on a sum of money for 3 years at 8 percent per annum is rs 2400 .what will be the compound interest on that sum at the same rate and the same pperiodsimple interest on a sum of money for 3 years at 8 percent per annum is rs 2400 .what will be the compound interest on that sum at the same rate and the same period