Question

    How much amount will be received on a principal of Rs.

    13500 at the rate of 20 percent per annum compounded annually for 2 years?
    A Rs. 20220 Correct Answer Incorrect Answer
    B Rs. 18420 Correct Answer Incorrect Answer
    C Rs. 19720 Correct Answer Incorrect Answer
    D Rs. 19440 Correct Answer Incorrect Answer

    Solution

    CI = 13500 × 120/100 × 120/100 = Rs. 5940 Amount = 13500 + 5940 = Rs. 19440

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