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

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

A Tk. 90000.30

B Tk. 9720

C Tk. 10123.20

D 10483.20 02.

Solution

Correct Answer: Option C