A) Rs. 971.5
B) Rs. 973.4
C) Rs. 979.2
D) Rs. 975.9
E) Rs. 61
Correct Answer: C
Solution :
\[CI=P\left[ {{\left( 1+\frac{R}{100} \right)}^{T}}-1 \right]\] \[=12000\left[ {{\left( 1+\frac{4}{100} \right)}^{2}}-1 \right]\] \[=12000\left[ {{\left( \frac{26}{25} \right)}^{2}}-1 \right]\] \[=12000\left( \frac{676}{625}-1 \right)\] \[=\frac{12000\times 51}{625}=Rs.979.2\]
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