What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually?
Options: A) 2592 B) 2348 C) 2377 D) 2999 E) 2772
Explanation:   The usual way to find the compound interest is given by the formula A = .p(1+r/100)^n   In this formula,   A is the amount at the end of the period of investment   P is the principal that is invested   r is the rate of interest in % p.a   And n is the number of years for which the principal has been invested.   In this case, it would turn out to be A =1500(1+20/100)^3   = 2592.   2592nswer: 2592) Rs.2592
<result>A</result>
What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually?