Quantitative Aptitude Interest Compound Interest

Shiva borrowed a sum of Rs. 12,000 from a finance company at the rate of 20% p.a. compound interest, compounded annually. What is the CI for a period of 2 years? 

1
Rs. 5,280
2
Rs. 4,800
3
Rs. 4,280
4
Rs. 2,400

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