What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually? Pick one:
A) 2400
B) 2592
C) 2678
D) 2540
E) 2440
Here P=1500, R=20% n=3 Find A   Substituting in the compound int. formula   A=P(1+R/100)^3, we get A=Rs.2,592   ANSWER:2592
<result>B</result>
What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually?