Swara deposited ₹75,000 with a finance company for 3 years at an interest of 12% per annum, compounded annually. What is the compound interest that Swara gets after 3 years?

This question was previously asked in
RPF Constable 2024 Official Paper (Held On 03 Mar, 2025 Shift 1)
View all RPF Constable Papers >
  1. ₹33,009.60
  2. ₹33,609.25
  3. ₹30,036.25
  4. ₹30,369.60 

Answer (Detailed Solution Below)

Option 4 : ₹30,369.60 
Free
General Science for All Railway Exams Mock Test
2.1 Lakh Users
20 Questions 20 Marks 15 Mins

Detailed Solution

Download Solution PDF

Given:

Principal (P) = ₹75,000

Rate (r) = 12% per annum

Time (t) = 3 years

Formula used:

Compound Interest (CI) = P(1 + \(\frac{r}{100}\))t - P

Calculations:

CI = 75000(1 + \(\frac{12}{100}\))3 - 75000

⇒ CI = 75000(1 + 0.12)3 - 75000

⇒ CI = 75000(1.12)3 - 75000

⇒ CI = 75000(1.404928) - 75000

⇒ CI = 105369.60 - 75000

⇒ CI = 30369.60

∴ The correct answer is option (4).

Latest RPF Constable Updates

Last updated on Jun 21, 2025

-> The Railway Recruitment Board has released the RPF Constable 2025 Result on 19th June 2025.

-> The RRB ALP 2025 Notification has been released on the official website. 

-> The Examination was held from 2nd March to 18th March 2025. Check the RPF Exam Analysis Live Updates Here.

More Interest Questions

Get Free Access Now
Hot Links: teen patti master purana teen patti cash game teen patti master update