Multiple Choice Questions on 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 ........ for MPPCS Exam Preparation

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Multiple Choice Questions

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 ........

Quantitative Aptitude (MPPCS) Compound Interest
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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.20123.20

    Incorrect Answer

    Rs.10823.20

    Incorrect Answer

    Rs.10123.20

    Correct Answer

    Rs.10523.20

    Incorrect Answer
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    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

    Hence, option 3 is the correct answer.

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