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.