What would be C.I. obtained on an amount of 12500 at rate of 12 ,p.c.p.a. after 2 years (In Rs. ) ?

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6.Interest

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What would be the $C.I.$ obtained on an amount of $12500$ at the rate of $12 \,p.c.p.a.$ after $2$ years (In $Rs.$) ?

A

$3180$

B

$3360$

C

$3540$

D

$3720$

Solution

$C I=P\left[\left(1+\frac{R}{100}\right)^{n}-1\right]=12500\left(1+\frac{12}{100}\right)^{2}-1=\operatorname{Rs} .3180$

Standard 13

Quantitative Aptitude

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