what is the compund interest accured on the amount of rs.15000 at the rate of 11 p.c.p.a at the end of 3 years
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P = RS. 15000 = (11÷4)% per quater = 5% per quater, t = 3 quarters
CI = [1+5÷100] 3 - 15000]
= [(15000 ×21÷20 × 21÷20 × 21÷20)3 - 15000]
= (18522 - 15000) = Rs. 3522
CI = [1+5÷100] 3 - 15000]
= [(15000 ×21÷20 × 21÷20 × 21÷20)3 - 15000]
= (18522 - 15000) = Rs. 3522
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