Compoud Interest

Asked by vandu207 | 28th May, 2009, 11:40: AM

Expert Answer:

Let the sum be P.

We have:

P(1+5/100)2-P=246

P=246/(1.052-1) =2400

Simple Interst=PRT/100=2400*6*3/100=Rs 432

Answered by  | 29th May, 2009, 10:15: PM

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