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Natasha Gave Rs.6o,Ooo to Nimish for 3 Years at 15%,P.A. Compound Interest. Calculate to the Nearest Rupee :

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Question

Natasha gave Rs.6O,OOO to Nimish for 3 years at 15%,p.a. compound interest.
Calculate to the nearest rupee : 

The Compound Interest paid by Nimish

Sum
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Solution

`"C"_"total" = 20541`

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Concept of Compound Interest - Compound Interest as a Repeated Simple Interest Computation with a Growing Principal
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