Find the compound interest on $1200 for 5 years at 20% p.a. if CI is component yearly?	Choose the correct choice from the following options:  A) $ 120  B) $ 150  C) $ 1786  D) $ 250  E) $ 300

Rationale: "a = p ( 1 + r / 100 ) ^ t = 1200 ( 1 + 20 / 100 ) ^ 5 = $ 2986 ci = $ 1786 answer is c"
Answer: C