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Q.

The compound interest on a sum Rs.25,000 after 3years at the rate of 12%p.a is

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a

Rs.10321.20

b

Rs.9123.20

c

Rs.8123

d

Rs.10123.20

answer is C.

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Detailed Solution

P=Rs.25000

T=3years

n=3

R=12%p.a

A=P(1+R100)n

=25,000(1+12100)3

=25,000×112100×112100×112100

=112×112×1124×10

=28×112×11210

=35123.20

C.I=AP

=32123.2025,000

=10123.20

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The compound interest on a sum Rs.25,000 after 3 years at the rate of 12%p.a is