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  9. Q7

SSC MTS & Havaldar 2023 · Question 7 of 83

What will be the compound interest (in Rs.) on a sum of Rs. 25,000 after 3 years at a rate of 12% per annum compound annually?

  1. A1,048.20
  2. B900.30
  3. C9,720
  4. D10,123.20Correct

Answer: D. 10,123.20

Explanation

Amount = 25,000× 112 100 × 112 100 × 112 100 Amount= 35123.2 C.I. = Amount- Principal= 35123.2- 25,000 = Rs. 10123.20

Source: SSC MTS 2023 memory-based paper (based on 1st Sep 2023 exam) with solutions, via sscadda.com · memory-based

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