At a rate of 12 percent per annum, what will be the compound interest on an amount of Rs. 25,000 after three years?
A. Rs. 9000.30
B. Rs. 9720
C. Rs. 10123.20
D. Rs. 10483.20
Answer:C
At a rate of 12 percent per annum, what will be the compound interest on an amount of Rs. 25,000 after three years?
A. Rs. 9000.30 B. Rs. 9720 C. Rs. 10123.20 D. Rs. 10483.20
Explanation: Amount = 25000 x 1 + 12 /100 to the third power= Rs. 25000 x 28/25 x 28/25 x 28/25 =(35123.20 - 25000) = Rs. 10123.20 C.I. = Rs. 35123.20 C.I. = Rs. 35.