Question

the simplest interest on a certain sum for 3year at 15%per annum is 3600.find the corresponding compund interest?​

Answer 1

Si=3600

Let The principal P

P=si×100/r×t

3600×100/15×3

P=8000

Ci

P[1+r/100]n_ 1]

8000[(1+15/100)3_ 1]

Solve

Answer

4167

Correct or wrong