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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2 is what percent of 50?
Let p% of 50 is 2
=> p x 50/100 = 2
=> p = 4%
Hence, 2 is 4 percent of 50.
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