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1. What will be the compound interest on a sum of Tk. 25000 after 3 years at the rate of 12 p.c.p.a. ?
- A. Tk. 9000.30
- B. Tk. 9000.30
- C. Tk. 9000.30
- D. Tk. 9000.30
Answer: Option D
Explanation:
Hints : Amount = [ 25000 × ( 1 + 12/100)3] = ( 25000 × 28/25 × 28/25 × 28 /25) = 35123.20
C.I = ( 35123.20 - 25000) = 10123.20
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