10. A sum of 15,000 was borrowed at a rate of 20% per annum for 3 years, find the simple interest and compound interest after three years, when the interest is compounded annually.
11. Write an expression to find the amount if the principal P is invested for two years and the interest is compounded monthly, at a rate of r% per annum.
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10. A sum of 15,000 was borrowed at a rate of 20% per annum for 3 years, find the simple interest and compound interest after three years, when the interest is compounded annually.
11. Write an expression to find the amount if the principal P is invested for two years and the interest is compounded monthly, at a rate of r% per annum.
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