Find the compound interest on $1200 for 1year at 20% p.a. if CI is component yearly?	Options
A) $120 B) $150 C) $240 D) $250 E) $300
A = P(1 + R/100)^T   = 1200(1 + 20/100)^1   = 1200*6/5= 
<gadget id="calculator">1200*6/5</gadget>
<output>1_440</output>
$1440   $240I= A-P = 1440-1200= 
<gadget id="calculator">1440-1200</gadget>
<output>240</output>
$240   Answer is $240
<result>C</result>
Find the compound interest on $1200 for 1year at 20% p.a. if CI is component yearly?