Q:
      
      
         
            
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
         
       
      
      
      
          
      
      
          Answer & Explanation
         Answer: B) Rs.3972         
         
Explanation: 
 
Let P = Rs. 100. Then, S.I. Rs. 60 and T = 6 years.
 
R= =10% p.a
 
Now, P = Rs. 12000. T = 3 years and R = 10% p.a.
 
C.I=
       =Rs.3972
       
      
      
      
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