Question
Quantitative Ability and Data Interpretation Question on Compound Interest
25,000/- is borrowed at compound interest at the rate of 3% for first year, 4% for 2nd year and 5% for 3rd year. Find the amount to be paid after 3 years.
A
28,119/-
B
28,120/-
C
28,118/-
D
28,117/-
Answer
28,119/-
Explanation
Solution
The correct option is (A): 28,119/-