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?
1
7.81
2
2.87
3
2.36
4
3.38
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?