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.?

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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.?

[A].

Rs. 9000.30

[B].

Rs. 9720

[C].

Rs. 10123.20

[D].

Rs. 10483.20

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