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

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Question

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

Answer: Option C

Amount
= Rs.

25000 x

1 +
12

3

100
= Rs.

25000 x
28
x
28
x
28

25
25
25
= Rs. 35123.20

C.I. = Rs. (35123.20 - 25000) = Rs. 10123.20

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