A sum of Rs 20000 becomes Rs 32000 in 12 years, when invested in a sch – McqOptions

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1.	A sum of Rs 20000 becomes Rs 32000 in 12 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs) after 2 years?_x005F_x000D_
A.	21750
B.	22050
C.	23250
D.	24650
Answer» C. 23250

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