Arithmetic Ability
Compound Interest

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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?

View Answer

Correct choice: A

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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