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

Compound Interest 26/06/2020

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

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