40.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:
Amount = Rs.(25000x(1+12/100)³
=Rs.(25000x28/25x28/25x28/25)
= Rs. 35123.20.
C.I =Rs(35123.20-25000)
=Rs.10123.20.
