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?

Question

Let P = Rs. 100. Then, S.I. Rs. 60 and T = 6 years.R =100 x 60= 10% p.a.100 x 6Now, P = Rs. 12000. T = 3 years and R = 10% p.a.C.I.= Rs.12000 x1 +103- 1100= Rs.12000 x3311000= 3972.

Accepted Answer

Rs. 3120

Answer

Rs. 2160

Answer

Rs. 3972

Answer

Rs. 6240

Answer

None of these

Question 176: 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?