What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually?
A. 2400 B. 2592 C. 2678 D. 2540

• Answer is Rs.2592
  Here P=1500, R=20% n=3 Find A
  Substituting in the compound int. formula
  A=P(1+R/100)^3, we get A=Rs.2,592
• 12 years agoHelpfull: Yes(17) No(0)
• 1500(129100*129100*129100) =2592 ans ...
• 8 years agoHelpfull: Yes(1) No(0)