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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?

Rs.10123.20
Rs.12100
Rs.12552
Rs.12665

Correct Answer: Rs.10123.20

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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