If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.
A. 1271
B. 1291
C. 1261
D. 1281
Answer:C
If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.
A. 1271 B. 1291 C. 1261 D. 1281