Question

there is 60%increase in amount in 6 years at simple intrest what will be compound intrest of ₹12000 after 3 years at same rate​

Answer 1

Answer:

Let P = Rs.100Then,

S.I. = Rs.100and

T = 6years

∴R=(100×60)÷(100×6)=10%p.a.

Now,P=Rs.12000

T=3yearand

R=10%p.a.

∴C.I.=Rs.

[12000×{(1+10100)3−1}]

=Rs.(12000×3311000)

=Rs.3972

This is the Answer,

Hope it will help you!!!!