What will be the compound interest on a sum of Rs. 20,000 after 3 years at the rate of 12% p.a.?
Choose the correct answer
A) Rs. 8098.56  B) Rs. 9720  C) Rs. 10123.20  D) Rs. 10483.20  E) None
Amount = [20000 * (1 + 12/100)^3]   = 20000 * 28/25 * 28/25 * 28/25 = Rs. 28098.56   C.I. = (28098.56 - 20000) = Rs. 8098.56   Rs. 8098.56NSWER:Rs. 8098.56
<result>A</result>
What will be the compound interest on a sum of Rs. 20,000 after 3 years at the rate of 12% p.a.?