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

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

Explanation:

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

Correct Answer: None of these ✔

Last Updated: February 07, 2020