Manish lent Rs15,000 to Rahul for 3 years at the rate of 10% p.a. find the compound interest paid by rahul.
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A= 15000(1+10/100)^3
= 15000*1.1*1.1*1.1
= 15000*1.331
= 19965
Therefore interest = 19965-15000= 4965₹
= 15000*1.1*1.1*1.1
= 15000*1.331
= 19965
Therefore interest = 19965-15000= 4965₹
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