What will be the compound interest on a sum of Rs. 22,000 after 3 years at the rate of 12% p.a.?
Choose the correct option.
A) Rs. 8908.42  B) Rs. 9720  C) Rs. 10123.20  D) Rs. 10483.20  E) None
Amount = [22000 * (1 + 12/100)3]   = 22000 * 28/25 * 28/25 * 28/25 = Rs. 30908.42   C.I. = (30908.42 - 22000) = Rs. 8908.42   Rs. 8908.42NSWER:Rs. 8908.42
<result>A</result>
What will be the compound interest on a sum of Rs. 22,000 after 3 years at the rate of 12% p.a.?