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What is the compound interest accrued on an amount of Rs. 15,000, at the rate of 11. p.c.p.a. at the end of 3 years ?
- ARs. 4,935.895
- BRs. 5,514.465
- CRs. 3,575.565
- DRs. 5,825.345
Answer not set
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0
CCommunity
Solution
Total amount under compound interest
= $15000 (1 + \frac{11}{100})^3$
= $15000 \times 1.11 \times 1.11 \times 1.11$
= $20514.465$
$\therefore$ Compound Interest = 20514.465 - 15000
= Rs. 5,514.465
Total amount under compound interest
= $15000 (1 + \frac{11}{100})^3$
= $15000 \times 1.11 \times 1.11 \times 1.11$
= $20514.465$
$\therefore$ Compound Interest = 20514.465 - 15000
= Rs. 5,514.465
0
CCommunity
Solution
Total amount under compound interest
= $15000 (1 + \frac{11}{100})^3$
= $15000 \times 1.11 \times 1.11 \times 1.11$
= $20514.465$
$\therefore$ Compound Interest = 20514.465 - 15000
= Rs. 5,514.465
Total amount under compound interest
= $15000 (1 + \frac{11}{100})^3$
= $15000 \times 1.11 \times 1.11 \times 1.11$
= $20514.465$
$\therefore$ Compound Interest = 20514.465 - 15000
= Rs. 5,514.465