A sum of ₹12,000 deposited on compound interest becomes double after 5 years. After 20 years, it will become: |
₹96,000 ₹1,20,000 ₹1,24,000 ₹1,92,000 |
₹1,92,000 |
12000 becomes twice in 5 years = 12000 × 2 = 24000 After another 5 years = 24000 × 2 = 48000 After another 5 years = 48000 × 2 = 96000 After another 5 years = 48000 × = 1,92,000 ∴ After 20 years sum will be = 192000
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