What will be the compound interest on Rs 25000 after 3 years at 12% Per annum? 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 Rs 25000 after 3 years at 12% Per annum?

Question

What will be the compound interest on Rs 25000 after 3 years at 12% Per annum?

Answer: Option E

C.I = [25000 Ã— (1+12/100)³-25000]
= Rs [(25000 Ã— 28/25 Ã— 28/25 Ã— 28/25)-25000]
=Rs(175616/5-25000)
= Rs (35123.20 “ 25000)
= Rs 10123.20

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