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?

If in 3 years, at simple interest, the principal increases by 15%. Wha

1.	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
Answer» D. 3.38

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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?

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