Question

FIND COMPOUND INTEREST AND AMOUNT

P=15,000
R=10%
T=3years
​

Answer 1

Answer:

Amount - Rs. 19965, Compound interest - Rs. 4965

Answer 2

Answer:

compound interest is Rs. 4,35,000

Step-by-step explanation:

P=15,000

R=10%

T=3years

COMPOUND INTEREST FORMULA = P ( 1 + R/100)t – P

= 15000 ( 1 + 10/100) x 3 - 15000

= 15000 ( 1 + 1/10) x 3 - 15000

= 15000 x  10 x 3 - 15000

= 150000 x 3 - 15000

= 4,50,000 - 15000

= 4,35,000

Therefore compound interest is Rs. 4,35,000

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