Amount after 1st year = Rs. [4000(1+15100)−1500]=Rs. [(4000×2320)−1500]=Rs. (4600−1500)=Rs. 3100Amount after 2nd year = Rs. [3100(1+15100)−1500]=Rs. [(3100×2320)−1500]=Rs. (3565−1500)=Rs. 2065Amount after 3rd year = Rs. [2065(1+15100)−1500]=Rs. [(2065×2320)−1500]=Rs. (2374.75−1500)=Rs. 874.75
Amount after 1st year = Rs. [4000(1+15100)−1500]=Rs. [(4000×2320)−1500]=Rs. (4600−1500)=Rs. 3100Amount after 2nd year = Rs. [3100(1+15100)−1500]=Rs. [(3100×2320)−1500]=Rs. (3565−1500)=Rs. 2065Amount after 3rd year = Rs. [2065(1+15100)−1500]=Rs. [(2065×2320)−1500]=Rs. (2374.75−1500)=Rs. 874.75
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