A sum of Rs. 12,000 amounts to Rs. 20,736 in 3 years at a certain rate percent per annum interest compounded annually. What will amount of the same sum to in 2 years at the same rate on compound interest?

A. Rs. 15,640

B. Rs. 17,820

C. Rs. 17,280

D. Rs. 14,520

Answer: Option C

Solution (By Examveda Team)

Amount in 2 years $$ \to 12000 \times \frac{6}{5} \times \frac{6}{5} = 17280$$