Question

In what period of time will Rs. 12,000 yield Rs. 3,972 as compound interest at 10% per annum, if compounded on a yearly basis?

• A. 2 years
• B. 3 years
• C. 1.5 years
• D. 2.5 years
• E. 3.5 years

Answer 1

The correct option is B

3 years