Aptitude - Compound Interest - Discussion

Discussion Forum : Compound Interest - General Questions (Q.No. 6)

Compound Interest

What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?

Rs. 9000.30

Rs. 9720

Rs. 10123.20

Rs. 10483.20

None of these

Answer: Option

Explanation:

Amount

= Rs.		25000 x		1 +	12		3
					100

= Rs.		25000 x	28	x	28	x	28
			25		25		25

= Rs. 35123.20

C.I. = Rs. (35123.20 - 25000) = Rs. 10123.20

Discussion:

38 comments Page 4 of 4.

Sugi said: 1 decade ago

Can any one explain me how 28 /25 came?

Sitam said: 1 decade ago

Can any one know its simplest method to find out C. I.

Yogendra said: 1 decade ago

Hi, sujatha & snehal PCPA means percentage per annum

Sujatha said: 1 decade ago

What is the meaning of PCPA?

Snehal said: 1 decade ago

What is meaning of p.c.p.a ?

Deepak said: 1 decade ago

Sir please send me any shortcut method for this question.

Dayal said: 1 decade ago

Pl send me the short cut method for compound interest calculation specially for more than 2 years.

Viplov said: 2 decades ago

Please give me a shortcut methods for competitive exams.

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