What will be the compound interest on a sum of Rs. 40,000 after 3 years at the rate of 11 p.c.p.a.? Choose the correct choice from the following answers.
A) Rs. 14705.24	B) Rs. 14602.25	C) Rs. 14822.26	D) Rs. 14322.10	E) Rs. 15350.23
Explanation:   Amount after 3 years = P(1+R/100)T=40000(1+11/100)3   =40000(111/100)3=40000×111×111×111/100×100×100   =4×111×111×111/100=54705.24   Compound Interest = 54705.24 - 40000 = Rs. 14705.24   Rs. 14705.24nswer : Option Rs. 14705.24
<result>A</result>
What will be the compound interest on a sum of Rs. 40,000 after 3 years at the rate of 11 p.c.p.a.?