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  1. A sum of Rs. 12000 deposited at compound interest becomes doubles after 5 years. After 20 years it will become ?
    1. 120000
    2. 192000
    3. 124000
    4. 96000
Correct Option: B

∵ 2P = P(1 +r/100)5
⇒ (1 +r/100)5 = 2
∴ (1 + r/100)20 = 24 = 16
Thus, P(1 +r/100)20 = 16P
= Rs. (12000 x 16)
= Rs. 192000



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