A sum of Rs 6000 becomes Rs. 7200 in 2 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 of interest is done yearly), then what will be the amount (in Rs.) after 3 years?

A sum of Rs 6000 becomes Rs. 7200 in 2 years, when invested in a schem

1.	A sum of Rs 6000 becomes Rs. 7200 in 2 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 of interest is done yearly), then what will be the amount (in Rs.) after 3 years?
A.	7434
B.	8244
C.	7864
D.	7986
Answer» E.

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A sum of Rs 6000 becomes Rs. 7200 in 2 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 of interest is done yearly), then what will be the amount (in Rs.) after 3 years?

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