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Rohit deposited Rs 8000 with a finance c...

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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`A = P (1 + R/100)^n`
`= 8000 (1 + 5/100)^3`
`= 8000 (115/100)^3`
`= `Rs `12167`
∴ Compound Interest `= A – P =` Rs `12167 – `Rs `8000 =` Rs `4167`
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