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2015-10-14T17:14:48+05:30

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Certified answers contain reliable, trustworthy information vouched for by a hand-picked team of experts. Brainly has millions of high quality answers, all of them carefully moderated by our most trusted community members, but certified answers are the finest of the finest.
Here P=15 dollar 
R=3%
N=1 YR
Interest =PNR/100
             =15*3*1/100
             =0.45 Rs
so he will get 15+0.45
                         =15.45 dollars
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2015-10-14T17:22:56+05:30

This Is a Certified Answer

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Certified answers contain reliable, trustworthy information vouched for by a hand-picked team of experts. Brainly has millions of high quality answers, all of them carefully moderated by our most trusted community members, but certified answers are the finest of the finest.
PETER INHERITS 15 DOLLAR AND PLACE MONEY WITH A BANK 
THEREFORE PRINCIPAL AMOUNT  P=$15
RATE OF INTEREST  R=3%
N= 1 YEAR
WE GET INTEREST RECIEVED IN 1 YEAR AS 
I =PNR/100
THEREFORE INTEREST= 15*3*1/100
                                    =0.45
MONEY HE WILL RECIEVE AFTER 1 YEAR = P+ I
                                                                   =15+0.45
                                                                   =15.45$

IF P=15,000$
THE WE GET THE ANSWER AS 
=15000+450
=15450$
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