compound interest on certain amount of money @20 p c p a for 2 years is 5250 what is simple interest on same amount @ 6 p c p a for 3 years

Question

Answer 1

Use C.I formula and calculate, Principal. Amount (A) = Principal + C.I,
Formula for C.I is A = P (1+ R/100)^T).
C.I = A - P,
Now 5250 = P [(1+ R/100)^T -1]
Now you will get P = 11931.818,
Now, S.I = (11931.82 * 6 * 3) / 100 = 2147
S.I and C.I Formulas

Answer 2

Use C.I formula and calculate, Principal. Amount (A) = Principal + C.I,
Formula for C.I is A = P (1+ R/100)^T).
C.I = A - P,
Now 5250 = P [(1+ R/100)^T -1]
Now you will get P = 11931.818,
Now, S.I = (11931.82 * 6 * 3) / 100 = 2147
S.I and C.I Formulas

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compound interest on certain amount of money @20 p c p a for 2 years is 5250 what is simple interest on same amount @ 6 p c p a for 3 years