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Question

A sum of Rs. 100 at CI becomes Rs. 300 in 4 years. What will it amount to in 12 years?

A
Rs. 2,700
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B
Rs. 2,400
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C
Rs. 2,200
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D
Rs. 3,700
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Solution

The correct option is A Rs. 2,700
Principal(P)=100
After 4 years amount=3×P=3×100=300Rs.
After 8 years amount =3×P=3×300=900Rs
After 12 years amount=3×P=3×900=2700Rs.

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