What will be the compound interest on Rs. 50000 after 3 years at the rate of 12 % per annum Choose the correct answer
A) Rs 20123.20  B) Rs 20246.4  C) Rs 20123.40  D) Rs 20123.50  E) None of these
Explanation:   (50000×(1+12/100)3)   =&gt;50000×28/25×28/25×28/25   =&gt;70246.4   So Compound interest will be   70246.4 - 50000= 
<gadget id="calculator">  70246.4 - 50000</gadget>
<output>20_246.4</output>
Rs 20246.4   Option Rs 20246.4
<result>B</result>
What will be the compound interest on Rs. 50000 after 3 years at the rate of 12 % per annum