Q:
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 & Explanation
Answer: A) Rs.10123.20
Explanation:
Amount
= Rs.(25000x(1+12/100)³
= Rs.(25000x28/25x28/25x28/25)
= Rs. 35123.20.
C.I = Rs(35123.20 -25000)
= Rs.10123.20
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