Simple interest on a sum of money for 3 years at  per annum is Rs 2400. What will be the compound interest on that sum at the  same rate for the same period?

Explanation

To solve the problem step by step, we will first determine the principal amount using the given simple interest, and then calculate the compound interest based on that principal amount.

### Step 1: Understand the Simple Interest Formula
The formula for Simple Interest (SI) is given by:
\[ SI = \frac{P \times R \times T}{100} \]
Where:
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