A principal of Rs. 18,000 becomes Rs. 36,000 in 4 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding annually), then how much amount will be received after 2 years ?

A principal of Rs. 18,000 becomes Rs. 36,000 in 4 years, when invested

1.	A principal of Rs. 18,000 becomes Rs. 36,000 in 4 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding annually), then how much amount will be received after 2 years ?
A.	Rs. 29225
B.	Rs. 29825
C.	Rs. 28125
D.	Rs. 27625
Answer» D. Rs. 27625

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A principal of Rs. 18,000 becomes Rs. 36,000 in 4 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding annually), then how much amount will be received after 2 years ?

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