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If in 3 years at simple interest the principal increases by 15%. What will be the approximate compound interest earned (in Rs lakhs) on Rs 15 lakhs in 3 years at the same rate?

A

7.81

B

2.87

C

2.36

D

3.38

Text Solution

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The correct Answer is:
C
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GAGAN PRATAP -COMPOUND INTEREST-MULTIPLE CHOICE QUESTIONS
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  14. The amount (in Rs) received at 10% per annum compound interest after 3...

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