Question

The simple interest on a sum of money for 4 years at 6% p.a is Rs. 1200. Find the compound interest on the same sum at 8% p.a compounded

annually for 2 years.

Answer 1

Answer:

1600

Step-by-step explanation:

first find p

use formula

p=1200x100÷24

p=5000

SI=PxRxT÷100

ans 1600