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.?

1.

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.?

[A].	Rs. 9000.30
[B].	Rs. 9720
[C].	Rs. 10123.20
[D].	Rs. 10483.20
[E].	None of these

Answer: Option C

Explanation:

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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