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A sum of Rs. 12,000 deposited at compound interest becomes double after 5 years. After 20 years, it will become:
Question

A sum of Rs. 12,000 deposited at compound interest becomes double after 5 years. After 20 years, it will become:


A.

Rs. 96,000


B.

Rs. 1,20,000


C.

Rs. 1,24,000


D.

Rs. 1,92,000 

Correct option is D

Given: Rs. 12,000 doubles in 5 years.

So, in 20 years:

  • 5 years → 2×

  • 10 years → 4×

  • 15 years → 8×

  • 20 years → 16×

  • Final amount = 12000×16=192000.

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