Calculating Compound Interest

The video tutorial explains how to calculate compound interest for an investment of ₹20,000 at 1.5% per annum over three years. It distinguishes between compound and simple interest, demonstrates converting 1.5% to a decimal, and applies the compound interest formula using a power for efficiency. The final amount is calculated and rounded to the nearest rupee, with a detailed explanation of each step and the marks awarded for correct calculations.

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