Question

There is 60 increase in an amount in 6 years at simple interest what will be the compound interst at 12000 after 3 years

Answer 1

HERE IS YOUR ANSWER

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 years and R = 10% p.a.

C.I=Rs.[12000*[1+10100]3−1]

=Rs.3972

KILLER✌