Question

What will be the C.I. on a sum of Rs. $25,000$/- after $3$ years at the rate of $12\%$p.a?

• A. Rs.$35,123.2$
• B. $15,200$
• C. Rs.$10123.2$
• D. Rs.$3,26,232$

Answer 1

The correct option is C Rs.$10123.2$

$P=25000$

$T=3years$

$R=12\%pa$

$A=P(1+\frac{R}{100}{)}^T$

$=>A=25000(1+\frac{12}{100}{)}^3$

$=25000(\frac{28}{25}{)}^3$

$=35123.2$

$I=A-P$

$=35123.2-25000$

$I$$=Rs.10123.2$