What will be the compound interest on a sum of Tk. 25,000 after 3 years at the rate of 12 p.c.p.a.?
Correct Answer: Option C
Amount = Tk. {25000×(1+12/100)3}
= Tk. {25000×28/25×28/25×28/25)
= Tk. 35123.20
Therefore, C.I. = Tk. (35123.20 – 25000) = Tk. 10123.20
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