Multiple Choice Questions on Find the interest on Rs 25000 at 12 p a compounded annually for 3 years ........ for RRB(NTPC) Exam Preparation

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Multiple Choice Questions

Find the interest on Rs 25000 at 12 p a compounded annually for 3 years ........

Quantitative Aptitude (RRB NTPC) Compound Interest
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    Find the interest on Rs. 25000 at 12% p.a compounded annually for 3 years.

    9,000

    Incorrect Answer

    9,833.40

    Incorrect Answer

    10,123.20

    Correct Answer

    10,678.90

    Incorrect Answer
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    Explanation:
    Interest = 25000 [(1+ 12/100)^3–]
    =25000x404928/100^3
    =Rs. 10123.20

    By: Barka Mirza
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