Cal wants to invest Rs. 50000 at the local bank that offers a rate of 12% per annum per year. If the interest is compounded monthly, how much will Cal get at the end of 3 years?	Choices: A) 71534.84 B) 71534.48 C) 71538.44 D) 71543.84 E) 71548.34
P = Rs. 50000; R = 12% p.a. = 1% per month; T = 3 years = 36 months   Amount = [50000 * (1 + 1/100)36]   = (50000 * (1.01)36) = Rs. 71538.44   Answer: 71538.44
<result>C</result>
Cal wants to invest Rs. 50000 at the local bank that offers a rate of 12% per annum per year. If the interest is compounded monthly, how much will Cal get at the end of 3 years?