What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.? Options: A . &nbspRs. 9000.30 B . &nbspRs. 9720 C . &nbspRs. 10123.20 D . &nbspRs. 10483.20

Answer: Option C Amount = [25000 * (1 + 12/100) 3 ]= 25000 * 28/25 * 28/25 * 28/25 = Rs. 35123.20C.I. = (35123.20 - 25000) = Rs. 10123.20

What will be the compound interest on a sum of Rs. 25,000 after 3 years at the

Question

What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?

Options:

A . Rs. 9000.30

B . Rs. 9720

C . Rs. 10123.20

D . Rs. 10483.20

Answer: Option C

Amount = [25000 * (1 + 12/100)³]= 25000 * 28/25 * 28/25 * 28/25 = Rs. 35123.20C.I. = (35123.20 - 25000) = Rs. 10123.20

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