Correct Answer - Option 2 : Rs. 24,825
Given:
Principal (P) = Rs. 75,000
Time (T) = 3 years
Rate (R) = 10%
Formula used:
A = P(1 + R/100)n
C.I. = A – P
Where,
A → amount
P → principal
R → rate
n → time
Calculations:
According to the question,
A = 75000 × (1 + 10/100)3
⇒ A = 75000 × (11/10) × (11/10) × (11/10)
⇒ A = 75000 × (1331/1000)
⇒ A = Rs. 99,825
Now
C.I. = A – P
⇒ C.I. = 99825 - 75000 = Rs. 24,825
∴ The compound interest is Rs. 24,825.