Mr. X makes a deposit of ₹ 12,000 in a bank where the amount doubles at compound interest in 5 years, then what will be the total amount he will…

CA Foundation · Quantitative Aptitude · PYQS · September 2024
Mr. X makes a deposit of ₹ 12,000 in a bank where the amount doubles at compound interest in 5 years, then what will be the total amount he will have after twenty years?
(A) A. ₹ 1,20,000
(B) B. ₹ 96,000
(C) C. ₹ 1,24,000
(D) D. ₹ 1,000

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. ₹ 96,000

Topics: Part-A: Business Mathematics

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