Question

The compound interest on Rs.40,000 for three years at 10% per annum is

• A. Rs.53240
• B. Rs.45870
• C. Rs.13240
• D. Rs.5870
• E. Rs.4870

Answer 1

The correct option is A

Rs.53240

$A=P(1+\frac{r}{100}{)}^3$

$A=53240$

$So,Interest=Rs.13240$