Question

4. Find the compound interest on 15000 for 3 years at the rate of 5% p.a. Find the simple interest and also their difference,​

Answer 1

Answer:

114375 is ur ans

Step-by-step explanation:

refer to the attachment plz

hope it helps

Answer 2

Answer:

5% of 15000 =

5×15000/100 = 750

simple interesr of 15000 for three years at the rate of 5%

is 750 × 3 = 2250

COMPOUND INTEREST

5% OF 15000 IN 1 YEAR 750 RS

=15750

5% OF 15750 IN 1 YEAR IS

5×15750/100 = 787.5

=16537.5

5% of 16537.5 =

5×16537.5/100

= 826.875

It will be 16537.5+826.875 = 17,364.375

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