Question 869349
Simple Interest = p*r*n

SI = p*0.2*3
SI=0.6p
compound Interest

A=P(1+r)^nt

A=P(1.2)^3
Interest = A-P

Compound Interest=(p(1.2)^3-P)

compound interest - simple interest =48

p(1.2)^3-p-0.6p=48

p(1.2)^3-1.6p=48

p((1.2)^3-1.6)=48
p=48/((1.2)^3-1.6)

p=375

Check

375*0.2*3=225

compound interest on 375 is 278

278-225=48