Simple interest on a sum of money for 3 years at 6 1/4 % per annum is ₹2400 what will - Maths - Comparing Quantities

Question

Simple interest on a sum of money for 3 years at 6 1/4 % per annum
is ₹2400 what will be the compound interest on that sum at
the same rate for same time period ?

Neha Sethi · Accepted Answer

Let P be the principal Rate,R=614% p
a=254% p
aTime, T=3 yearsSI=Rs2400⇒PRT100=2400⇒P×25×3100×4=2400⇒P=Rs12800CALCULATION OF COMPOUND INTERESTAmount,A=P1+R100T=128001+254×1003=128001+1163=12800×17163=1228258=15353
125Now, C I=A-P=Rs15353 125-12800=Rs2553 125

Simple interest on a sum of money for 3 years at 6 1/4 % per annum is ₹2400 what will be the compound interest on that sum at the same rate for same time period ?