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
• B. Rs. 2,400
• C. Rs. 2,200
• D. Rs. 3,700

Answer 1

The correct option is A Rs. 2,700

Principal(P)=100
After 4 years amount=$3\times P=3\times 100=300Rs.$
After 8 years amount =$3\times P=3\times 300=900Rs$
After 12 years amount=$3\times P=3\times 900=2700Rs.$