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    Question

    What is the compounded amount on a sum of 25,000 after

    three years at a rate of 12 percent per annum interest compounded yearly?
    A 32123.2 Rs. Correct Answer Incorrect Answer
    B 4523.2 Rs. Correct Answer Incorrect Answer
    C 17120.2 Rs. Correct Answer Incorrect Answer
    D 35123.2 Rs. Correct Answer Incorrect Answer

    Solution

    Compound interest – 1st year-3000 2nd year-3000              360 3rd year-3000              360      360      43.2 Compound interest =9000+1080+43.2=10123.2Rs. Compounded Amount=25000+10123.2=35123.2 Rs.

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