Find the compound interest on $1200 for 2 years at 20% p.a. if CI is component yearly?  Choose one
A) $120 B) $150 C) $548 D) $250 E) $300
A = P(1 + R/100)^T   = 1200(1 + 20/100)^2   =$1728   $548I = $548   Answer is $548
<result>C</result>
Find the compound interest on $1200 for 2 years at 20% p.a. if CI is component yearly?