K borrowed Rs. P at a compound interest of 20% p.a. for 2 years. Interest amount payable was Rs. 5,280. What was the value of P?

K borrowed Rs. P at a compound interest of 20% p.a. for 2 years. Inter

1.	K borrowed Rs. P at a compound interest of 20% p.a. for 2 years. Interest amount payable was Rs. 5,280. What was the value of P?
A.	12,000
B.	11,000
C.	11,750
D.	12,500
Answer» B. 11,000

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K borrowed Rs. P at a compound interest of 20% p.a. for 2 years. Interest amount payable was Rs. 5,280. What was the value of P?

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