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.? Options: A . &nbspRs. 9000.30 B . &nbspRs. 9720 C . &nbspRs. 10123.20 D . &nbspRs. 10483.20 E . &nbspNone of these

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.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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