What is the compound interest on a sum of ₹25,000 after three years at a rate of 12 per cent per annum interest compounded yearly?
What is the compound interest on a sum of ₹25,000 after three years at a rate of 12 per cent per annum interest compounded yearly?
₹25,000 की राशि पर 12% वार्षिक चक्रवृद्धि ब्याज की दर से, यदि ब्याज का संयोजन प्रतिवर्ष किया जाए, तो 3 वर्ष बाद प्राप्त चक्रवृद्धि ब्याज कितना होगा?
Detailed Solution & Logic
Correct Answer:
₹10,123.20
Given:
Principal (P) = ₹25,000
Rate (R) = 12% per annum
Time (T) = 3 years
Amount after 3 years:
$A = 25000\left(1+\frac{12}{100}\right)^3$
$= 25000 \times (1.12)^3$
$= 25000 \times 1.404928$
= ₹35,123.20
Compound Interest:
CI = A - P
= 35,123.20 - 25,000
= ₹10,123.20
Answer: ₹10,123.20
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