A sum of 12,000 deposited at compound interest
becomes double after 5 years. After 20 years, it will
become
(a) ₹ 96,000
(b)₹ 48,000
(c) ₹ 1,90,000
(d) ₹ 1,92,000
Answers
Answered by
1
Answer:
the amount in the account doubles every 5 years. after 15 years it doubles to 96,000; and finally after 20 years it doubles to 96,000 x 2 = 192,000. Therefore, the correct answer is D
Similar questions