Rohit deposited Rs. 8000 with a finance company for 3 years at an interest of 15% per
annum. What is the compound interest that Rohit gets after 3 years?
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4
Answer:
Rs.3600
Step-by-step explanation:
Interest per annum=15% of 8000
=15/100*8000
=Rs.1200
Interest of 1 year=Rs.1200
So, interest after 3 years=1200*3
=Rs.3600
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