Home / Arithmetic Aptitude / Compound Interest :: Discussion

### Discussion :: Compound Interest

1. 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.?

2.  A. Rs. 9000.30 B. Rs. 9720 C. Rs. 10123.20 D. Rs. 10483.20 E. None of these

Explanation :

Amount=Rs.[25000$$*(1+\frac { 12 } { 100 } )^3]$$

=Rs.[25000$$*\frac {28 } { 25 }$$$$*\frac {28 } { 25 }$$$$*\frac {28 } { 25 }$$]

= Rs. 35123.20

C.I. = Rs. (35123.20 - 25000) = Rs. 10123.20

Be The First To Comment