What will be the compound interest on Rs. 30000 after 3 years at the rate of 12 % per annum Choose the correct choice from the following options:
A) Rs 10123.20
B) Rs 12147.84
C) Rs 10123.40
D) Rs 10123.50
E) None of these
Explanation:   (30000×(1+12/100)3)   =&gt;30000×28/25×28/25×28/25   =&gt;42147.84   So Compound interest will be   42147.84 - 30000= 
<gadget id="calculator">  42147.84 - 30000</gadget>
<output>12_147.84</output>
Rs 12147.84   Option Rs 12147.84
<result>B</result>
What will be the compound interest on Rs. 30000 after 3 years at the rate of 12 % per annum