There is 60% increase in an amount in 6 years at simple interest. Wha…

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?

Accepted Answer

Option C. Rs. 3972. Answer & Solution Answer: Option C Solution: & Let\, P = Rs .\, 100\, Then,\, & \,\,\,\,\, S .I . = \, Rs .\, 60\, and & \,\,\,\,\,\,\,\, T = 6\, years & R = 100 × 60100 × 6 = 10\% \,p.a. & Now,\,P = Rs.\,12000 & \,\,\,\,\,\,\,\,\,\,\,\,\,T = 3\, year\, and & \,\,\,\,\,\,\,\,\,\…