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      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 Γ— 120/100 Γ— 120/100 = Rs. 5940 Amount = 13500 + 5940 = Rs. 19440

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