Question

The si on a sum of money for 3 years at 20/3 per annum is ₹, 6750.what will be the ci on the same sum at the same rate for the same period, compounded annually.

Answer 1

T=3years,R=20/3 per annum,SI=6750,
P=SI ×100/RT=33750
Amount=P×(1+R/100)n=40906
CI=40960-33750=7210