What will be the compound interest on a sum of Rs.15000 after 5 years at the rate of 20%p.a compounded annually?

Rs.22324.8

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Rs. 20280

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Rs.10123.20

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Rs.10483.20

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Solution

The correct option is A
Rs.22324.8

$A = 15000 (1 + \frac{20}{100})^{5}$

$A = R s . 37324.80$

$I n t e r e s t = R s .22324 .80$

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