Question

The simple interest on a certain sum of money at 6% per annum for 3 years is ₹432.What is the compound interest on the same sum for 2 years at 5% per annum, compounded quarterly ?

I am asking this question twice,if you think you are genius.....give the answer​

Answer 1

Step-by-step explanation:

first part

interest per year 432/3=144

if 144 is 6%interest then prinicipal =144/0.06=Rs2400

second part

at 5% compound interest for 2 year the amount will be

2400× ( 1+0.05)^2 -2400=246

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