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Q: What will be the compound interest on a sum of `25,000 after 3 years at a rate of 12% per annum, compounded annually?
  • A. ` 900.30
  • B. ` 10,123.20
  • C. ` 1,048.20
  • D. ` 9,720
Correct Answer: Option B -
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Explanations:

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