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.
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i'm asking u n u r asking me instd? :p
r'nt u confident?
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 ....
the vernacular tends to throw me at times .... and it helps that you have more context related to a solution than I do
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