Question:
There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?
[A].Rs. 2160
Rs. 3120
Rs. 3972
Rs. 6240
There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?
[A].
[B].
[C].
[D].
Answer: Option C
Explanation:
Let P = Rs. 100. Then, S.I. Rs. 60 and T = 6 years.
| R = | 100 x 60 | = 10% p.a. | ||
| 100 x 6 |
Now, P = Rs. 12000. T = 3 years and R = 10% p.a.
| C.I. |
|
|||||||||||||
|
||||||||||||||
| = 3972. |