What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?
Answer: C
Amount = [25000 * (1 + 12/100)⊃3;]
= 25000 * 28/25 * 28/25 * 28/25 = Rs. 35123.20
C.I. = (35123.20 - 25000) = Rs. 10123.20