Math, asked by 1Dgirl236, 1 year ago

the simple interest on a sum of money for 2years at 8%p.a. is 2400 what will be the compound interest

Answers

Answered by uvy

2

Step-by-step explanation:

Total SI for 2 years =2400

Ve can divide by 2 coz SI is same for all years

2400/2=1200

SI for 1st year=1200

SI for 2nd year=1200

CI FOR 2nd year8%of1200=96

So total interest for 2nd year=1200+96=1296

Total CI=1200+1296=2496

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