Compound interest on a certain sum of money at 5% per annum for two years is Rs. 246. Calculate simple interest on the same sum for 3 years at 6% per annum.

Compound interest on a certain sum of money at 5% per annum for two ye

1.	Compound interest on a certain sum of money at 5% per annum for two years is Rs. 246. Calculate simple interest on the same sum for 3 years at 6% per annum.
Answer» Compound interest on a certain sum of money at 5% per annum for two years is Rs. 246. Calculate simple interest on the same sum for 3 years at 6% per annum.