What is the compound interest on a sum of ₹25,000 after three years at a rate of 12% per annum interest compounded yearly?

SSC SSC CGL Tier 2 Easy Interest MCQ

Question

What is the compound interest on a sum of ₹25,000 after three years at a rate of 12% per annum interest compounded yearly?

Options

A.

₹10,123.20

B.

₹9,824.00

C.

₹10,520.00

D.

₹9,956.86

compound interestinterest calculationpercentagetime value of money

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