6. 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
E. None of these
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
Title :
Compound Interest Q6
Description : 6. 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 ...
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