What will be the compound interest on rupees 25,000 after 3 years at the rate of 12% per annum?
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Answer:
Amount=RS.
[25000×(1+12/100)^3]
=Rs.
(25000×28/25×28/25×28/25)
Rs.35123.20
Compound Interest=Rs.(35123.20 -25000)
=10123.20
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