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Find the amount and compound interest on rupees 15000 for 1 and a half years at 10 percent per annum |
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Answer» Answer: Step-by-step explanation: Compound interest = 3150 Rs ● Explaination - # GIVEN - P = 15000 Rs r = 10 % per annum t = 2 YEARS # SOLUTION - Compound interest over sum p is given by formula - CI = P [(1+r)^t - 1] CI = 15000 [(1 + 10/100)^2 - 1] CI = 15000 [(1+0.1)^2 - 1] CI = 15000 [1.1^2 - 1] CI = 15000 [1.21 - 1] CI = 15000 × 0.21 CI = 3150 Rs Therefore, compound interest is 3150 Rs. mark me as the brainiest |
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