plz tell me answer correct with explanation
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SI=(32000*17.5*3)/100 = Rs 16800
CI=P(1+r/n)^nt = 32000*(1+17.5/100)^3 = 32000*(117.5/100)^3 = Rs 51911.5
Interest on CI = 51911.5-32000 = Rs 19911.5
Therefore, he gained = 19911.5 - 16800 = Rs 3111.5
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