In 4 years at simple interest the principal increases by 12%. Calculate the amount (in Rs.) received at the end of 2 years on Rs. 20,000 at the same rate if compounded annually?

In 4 years at simple interest the principal increases by 12%. Calculat

1.	In 4 years at simple interest the principal increases by 12%. Calculate the amount (in Rs.) received at the end of 2 years on Rs. 20,000 at the same rate if compounded annually?
A.	21632
B.	21218
C.	22472
D.	22400
Answer» C. 22472

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In 4 years at simple interest the principal increases by 12%. Calculate the amount (in Rs.) received at the end of 2 years on Rs. 20,000 at the same rate if compounded annually?

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