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: Option C

Solution

Answer: Option C

Solution:

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