What will be the compound interest on a sum of Rs. 23,000 after 3 years at the rate of 12% p.a.?
Choose the correct choice from the following choices:	A) Rs. 9313.34	B) Rs. 9720	C) Rs. 10123.20	D) Rs. 10483.20	E) None
Amount = [23000 * (1 + 12/100)3]   = 23000 * 28/25 * 28/25 * 28/25 = Rs. 32313.34   C.I. = (32313.34- 23000) = Rs. 9313.34   Rs. 9313.34NSWER:Rs. 9313.34
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What will be the compound interest on a sum of Rs. 23,000 after 3 years at the rate of 12% p.a.?