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A sum of Rs 12 000 amounts to Rs 20 736...

This question belongs to Arithmetic Ability Compound Interest
Compound Interest
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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?

Answer & Solution
Correct Answer: Option C
Compound Interest mcq question image
Amount in 2 years $$ \to 12000 \times \frac{6}{5} \times \frac{6}{5} = 17280$$
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