What will be the compound interest on Rs. 40000 after 3 years at the rate of 12 % per annum  Options
A) Rs 16123.20
B) Rs 16123.30
C) Rs 16197.12
D) Rs 16123.50
E) None of these
Explanation:   (40000×(1+12/100)3)   =&gt;40000×28/25×28/25×28/25   =&gt;56197.12   So Rs 16197.12ompound interest will be  56197.12 - 40000= 
<gadget id="calculator"> 56197.12 - 40000</gadget>
<output>16_197.12</output>
Rs 16197.12   Option Rs 16197.12
<result>C</result>
What will be the compound interest on Rs. 40000 after 3 years at the rate of 12 % per annum