Compute the compound interest accrued on Rs 25000 over a 3-year duration carrying a 12% annual rate?
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Answer: E. None of these
Explanation
Calculating compound interest on twenty-five thousand rupees at twelve percent for three years yields a specific total. Evaluating the standard compound interest formula results in ten thousand one hundred twenty-three rupees and twenty paisa. Since ten thousand one hundred twenty-three point twenty is absent from options A through D, none of these is correct. Compound interest formulas multiply the principal by one plus the rate raised to the time period exponent. Subtracting the initial principal from the accumulated total amount determines the exact interest accrued. Multiple-choice examination questions include none of these when the correct calculated answer is unlisted.
Financial analysts verify investment growth projections using precise compound interest computational algorithms. Banking systems automate interest accrual calculations to ensure exact compounding across multi-year loans. Consumers evaluate long-term savings accounts by verifying compound interest returns against advertised rates. Option A suggests nine thousand point thirty rupees which underestimates the true compound interest amount. Option B proposes nine thousand seven hundred twenty rupees which is too low for three-year compounding. Option C implies ten thousand one hundred twenty-three point twenty rupees which matches the correct calculation.
- Subject
- Mathematics
- Category
- Mathematics
- Topic
- —
- Difficulty
- medium
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