anonymous
  • anonymous
The compound interest on a certain sum of money at 5% p.a. for 2 years is Rs. 246 Calculate the Simple Interest on the same sum for three years.
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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jamiebookeater
  • jamiebookeater
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amistre64
  • amistre64
5% pa, what does the pa represent?
amistre64
  • amistre64
246 = P(1+.05/n)^(2n) 246(1+.05/n)^(-2n) = P simple interest = 246(1+.05/n)^(-2n) * .05 * 3 maybe?
amistre64
  • amistre64
ahh, pa, per annum (once a year so n=1)

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anonymous
  • anonymous
i'm asking u n u r asking me instd? :p r'nt u confident?
amistre64
  • amistre64
this is a site for studying, not for direct answers. Therefore its best if you can spot any errors in assumptions that I am making ....
amistre64
  • amistre64
the vernacular tends to throw me at times .... and it helps that you have more context related to a solution than I do
amistre64
  • amistre64
since pa relates to a compounding of once a year, then the "n" variable is just 1 simple interest is a simple formula: I = Prt using the calculated P, and the stated r and t ... i cant see anywhere that I might have missed it

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