The principal amount of 5% yearly interest rate after 3 year earned Rs 1200 as simple interest, should the rate of interest and duration remain the same. How much will the compound interest be on the principal

Asked by Deepak | 10th Nov, 2019, 11:27: AM

Expert Answer:

Let P be the principal
Therefore, the principal is Rs. 8000

Answered by Renu Varma | 11th Nov, 2019, 10:17: AM

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