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(b) Rs. 3120(c) Rs. 3972(d) Rs. 6240
Step 1
We know that there is a 60% increase in the amount over 6 years. This means that the interest earned over 6 years is 60% of the principal amount. Show more…
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