Find the compound interest and the amount for of the following p= 100000 e =15% p.a t =3years.
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Step-by-step explanation:
p=100000
r=15
t=3
a=p*(1+15/100*3)³
a=100000*21/20*21/20*21/20
a=115762.5
so compound interest is
a-p
100000-115762.5
compound interest is 15762.5
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