Question

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

Answer 1

Answer:

Principal=₹2400

Rate of interest= {24}^{4}%

Time=3 years

S.I={P×R×T}^{100}

S.I={2400×25×3}^{4×100}

= {180000}^{400}

= ₹450

Amount= S.I +Principal

= 450+2400

= ₹2850

Step-by-step explanation:

I hope this would be helpful.